TeraWulf Q3 revenue up 87% helped by long-term high-performance computing leases

Terawulf

10/11/2025 21:16

Corrects Q3 Revenue figure in key details table

Overview

TeraWulf Q3 revenue rose 87% yr/yr to $50.6 mln but missed analyst expectations

Company secured over $5 bln in long-term financing to support growth

TeraWulf reported a net loss of $455 mln for Q3 2025

Outlook

TeraWulf targets 250-500 MW of new HPC lease signings annually

Company plans large-scale HPC deployment at Cayuga site starting in 2027

TeraWulf expands partnership with Fluidstack and Google for future projects

Result Drivers

HPC EXPANSION - TeraWulf executed over 520 MW of long-term HPC leases, generating substantial contracted revenue

STRATEGIC PARTNERSHIPS - Co signed significant contracts with Google-backed Fluidstack, enhancing revenue and growth potential

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$50.6 mln
$51.71 mln (11 Analysts)
Q3 EPS
-$1.13
Q3 Net Income
-$455.05 mln
Q3 Operating Income
-$24.67 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 $20.00, about 30.3% above its November 7 closing price of $13.94

Press Release: ID:nGNX7trPDD

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)