Overview

* TeraWulf Q2 2025 revenue rises 34% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q2 beats consensus, highlighting operational efficiency

* BTC mining capacity grew 45.5% yr/yr, reflecting strategic expansion

Outlook

* TeraWulf ( WULF ) targets 200-250 MW operational by year-end 2026

* Company to begin recognizing HPC hosting revenue in Q3 2025

* TeraWulf ( WULF ) secures approval to draw 500 MW from grid

* Company expects to deliver 72.5 MW HPC infrastructure to Core42 in 2025

Result Drivers

* BTC MINING CAPACITY - Increased 45.5% yr/yr to 12.8 EH/s, driving revenue growth

* COST INCREASE - Cost of revenue rose 59% due to greater infrastructure utilization and higher power costs

* SELF-MINED BITCOIN - Decreased to 485 from 699 yr/yr, impacted by April 2024 halving and increased network difficulty

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $47.60 $46.20

Revenue mln mln (9

Analysts

)

Q2 EPS $0.05

Q2 Beat $14.50 $9.63

Adjusted mln mln (8

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

* Wall Street's median 12-month price target for Terawulf Inc ( WULF ) is $7.00, about 29.4% above its August 7 closing price of $4.94

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)