TeraWulf reports Q3 EPS ($1.13), consensus (5c)

Reports Q3 revenue $50.6M, consensus $50.64M. Reports Q3 adjusted EBITDA $18.1M. Ended the quarter with $712.8M of cash, cash equivalents and restricted cash. “The third quarter into the fourth has been remarkably busy for TeraWulf (WULF),” said Paul Prager, CEO. “We expanded our partnership with Fluidstack and Google at Lake Mariner and extended that relationship into the Southwest Power Pool with the Abernathy joint venture. These transactions demonstrate the strength of our platform and the trust that world-class technology partners place in our ability to execute. Our portfolio of scalable, low-carbon sites provides a powerful foundation to continue expanding in both existing and new markets.”