Bitcoin Miner TeraWulf Reports Worse-Than-Expected Q1 Results



TeraWulf Inc. (NASDAQ:WULF) reported its first-quarter financial results after the bell Monday. Here’s a look at the details. 

The Details: Bitcoin mining company, TeraWulf, reported quarterly losses of 3 cents per share which missed the analyst consensus estimate of earnings of 4 cents per share.

Quarterly revenue came in at $42.433 million, missing the analyst consensus estimate of $51.092 million by 16.95%.

TeraWulf reported it mined 1,057 Bitcoin across the Lake Mariner and Nautilus Cryptomine facilities, inclusive of 6 Bitcoin earned from profit sharing associated with a hosting agreement, with a total value of self-mined Bitcoin of $56.8 million compared to $35.2 million from the fourth quarter …

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