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