TeraWulf Inc (NASDAQ:WULF) Q2 2025 Earnings: Revenue Surpasses Estimates, Losses Narrower Than Expected

TeraWulf Inc (NASDAQ:WULF) Reports Q2 2025 Earnings: Revenue Beats Estimates, Losses Narrower Than Expected

TeraWulf Inc, a vertically integrated digital infrastructure company focused on Bitcoin mining and high-performance computing (HPC) hosting, released its second-quarter 2025 financial results. The company reported revenue of $47.6 million, surpassing analyst estimates of $46.5 million. Meanwhile, its loss per share came in at -$0.05, better than the anticipated -$0.067.

Key Financial Highlights vs. Estimates

• Revenue: $47.6M (vs. $46.5M expected) – +2.4% beat
• EPS: -$0.05 (vs. -$0.067 expected) – 25.4% narrower loss
• Bitcoin Mining Capacity: Increased 45.5% year-over-year to 12.8 EH/s
• Self-Mined Bitcoin: 485 BTC (down from 699 BTC in Q2 2024, primarily due to the April 2024 halving and divestiture of the Nautilus Cryptomine facility)
• Adjusted EBITDA: $14.5M (down from $19.5M in Q2 2024)

Market Reaction

Following the earnings release, WULF shares saw pre-market gains of ~4.66%, suggesting investor optimism around the revenue beat and improved profitability metrics. However, the stock has declined -4.26% over the past week and -7.14% over the past two weeks, reflecting broader market volatility and potential profit-taking ahead of earnings.

Operational and Strategic Updates

• HPC Expansion On Track: TeraWulf remains on schedule to deliver 72.5 MW of HPC hosting infrastructure to Core42 in 2025, with additional capacity expected to reach 200–250 MW by year-end 2026.
• Bitcoin Mining Growth: Despite reduced BTC production due to the halving, the company expanded its mining capacity significantly, benefiting from higher Bitcoin prices.
• Liquidity & Debt: The company held $90M in cash and equivalents as of June 30, 2025, with $500M in convertible debt.

Outlook vs. Analyst Estimates

While TeraWulf did not provide explicit forward guidance, analysts currently estimate:

• Q3 2025 Revenue: $55.86M
• Q3 2025 EPS: -$0.06
• Full-Year 2025 Revenue: $204.44M
• Full-Year 2025 EPS: -$0.35

The company’s progress in HPC hosting and Bitcoin mining efficiency could position it favorably against these projections, particularly if Bitcoin prices remain stable or rise.

Conclusion

TeraWulf’s Q2 results demonstrate resilience in revenue growth and cost management, though challenges from Bitcoin’s halving impact persist. The market’s positive pre-market reaction indicates cautious optimism, but long-term performance will hinge on execution in HPC expansion and mining efficiency.

For more detailed earnings estimates and historical performance, visit TeraWulf’s earnings estimates page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.