NASDAQ$WULF
Terawulf Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
TeraWulf experienced revenue growth and improved profitability, driven by increased bitcoin production and cost-effective power.
TeraWulf reported a strong increase in annual revenue, gross profit, and self-mining operating capacity. The company is focused on expanding its infrastructure and exploring opportunities in AI and HPC applications.
- Revenue increased 360% to $69.2 million in 2023.
- Gross profit increased 960% to $41.9 million in 2023.
- Self-mining operating capacity increased by 464% to 7.9 EH/s as of December 31, 2023.
- Company held $56.2 million in cash and cash equivalents and bitcoin on its balance sheet as of December 31, 2023.
Headline financials
Revenue & EPS history
Terawulf · Revenue · Quarterly
$23.3M
Forward guidance
TeraWulf aims to achieve an operational infrastructure capacity of 300 MW by the end of 2024 and 550 MW by the end of 2025, while also exploring AI and HPC applications.
Tailwinds
- Achieve operational infrastructure capacity of 300 MW by the end of 2024.
- Deploy 550 MW, equivalent to approximately 28.3 EH/s, utilizing the current generation of miners by 2025.
- Expanding hash rate at top tier sites.
- Actively pursuing opportunities to optimize the utilization of proprietary infrastructure and unlock additional value.
- Exploring potential applications of High-Performance Computing (HPC) and Artificial Intelligence (AI).
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
-1.0%
Avg return
Earnings day
-3.2%
Avg return
5 days after
+1.0%
Avg return
30 days after
29%
18 / 63 earnings
Positive
+51.9%
Q4 2013
Best reaction
-24.4%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | -3.8% | -0.2% | |
| Q4 2025 | -9.2% | -14.0% | -16.7% | |
| Q3 2025 | -13.6% | -23.1% | +10.7% | |
| Q1 2025 | -9.1% | +10.9% | +31.8% | |
| Q4 2024 | +16.1% | +2.8% | -24.7% | |
| Q3 2024 | -16.7% | -18.6% | -14.6% | |
| Q2 2024 | -12.7% | +6.3% | +16.6% | |
| Q1 2024 | -8.5% | -12.6% | +72.2% | |
| Q4 2023 | +34.7% | +42.2% | +23.1% | |
| Q3 2023 | -1.9% | +8.2% | +66.3% | |
| Q2 2023 | -9.4% | -22.7% | -32.2% | |
| Q1 2023 | -1.9% | -2.5% | -13.1% | |
| Q4 2022 | +20.5% | +23.1% | +128.2% | |
| Q3 2022 | +7.8% | -16.5% | -43.5% | |
| Q2 2022 | -24.4% | -26.9% | -39.9% | |
| Q1 2022 | -1.5% | -10.7% | -40.7% | |
| Q4 2021 | -3.2% | -4.6% | -55.3% | |
| Q3 2021 | -4.1% | -1.0% | +46.7% | |
| Q2 2021 | +5.6% | +3.9% | +22.9% | |
| Q1 2021 | +0.8% | +3.1% | -3.7% | |
| Q4 2020 | -18.3% | -28.1% | -22.0% | |
| Q3 2020 | -6.7% | -19.0% | +8.4% | |
| Q2 2020 | +3.5% | +2.2% | -5.6% | |
| Q1 2020 | +1.4% | +4.1% | -2.0% | |
| Q4 2019 | -7.0% | -6.2% | -38.4% | |
| Q3 2019 | -4.4% | -6.0% | -10.8% | |
| Q2 2019 | -9.1% | -9.0% | -13.8% | |
| Q1 2019 | -7.0% | -6.3% | -1.4% | |
| Q4 2018 | +4.5% | +2.0% | +0.9% | |
| Q3 2018 | +0.0% | -6.3% | +5.1% | |
| Q2 2018 | +0.5% | -7.8% | +6.6% | |
| Q1 2018 | -3.8% | -4.4% | +7.2% | |
| Q4 2017 | +16.5% | +30.1% | +10.6% | |
| Q3 2017 | -3.0% | -1.1% | -6.4% | |
| Q2 2017 | -2.4% | -1.9% | -6.8% | |
| Q1 2017 | -6.1% | -6.8% | -14.4% | |
| Q4 2016 | -1.5% | -1.9% | -6.1% | |
| Q3 2016 | -0.2% | -0.7% | +10.2% | |
| Q2 2016 | +0.0% | -0.3% | -15.6% | |
| Q1 2016 | +4.5% | — | — | |
| Q4 2015 | -0.7% | — | — | |
| Q3 2015 | -3.8% | — | — | |
| Q2 2015 | -8.9% | — | — | |
| Q1 2015 | -4.1% | — | — | |
| Q4 2014 | -7.2% | — | — | |
| Q3 2014 | -7.7% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | -10.1% | — | — | |
| Q4 2013 | +51.9% | — | — | |
| Q3 2013 | -2.9% | — | — | |
| Q2 2013 | -5.7% | — | — | |
| Q1 2013 | +0.5% | — | — | |
| Q4 2012 | +17.6% | — | — | |
| Q3 2012 | -6.5% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | -8.8% | — | — | |
| Q3 2010 | -8.8% | — | — | |
| Q2 2010 | +5.0% | — | — | |
| Q2 2011 | +5.0% | — | — | |
| Q4 2010 | +5.0% | — | — |
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