Data center firm TeraWulf's Q2 revenue beats expectations

Terawulf

08/08/2025 12:09

Corrects EPS figure to -$0.05 from $0.05 in Key Details table

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 targets 200-250 MW operational by year-end 2026

Company to begin recognizing HPC hosting revenue in Q3 2025

TeraWulf 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/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$47.60 mln
$46.20 mln (9 Analysts)
Q2 EPS
-$0.05
Q2 Adjusted EBITDA
Beat
$14.50 mln
$9.63 mln (8 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 is $7.00, about 29.4% above its August 7 closing price of $4.94

Press Release: ID:nGNX8KZGQv

(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.)