Bitcoin mining company TeraWulf announced its third-quarter financial statements, in which its self-mining business produced 994 BTC, an increase of 9.5% from the second quarter; revenue was US$19 million, an increase of 22.6% from the second quarter; it is expected to use the funds generated in the third quarter. Cash repaid approximately $7 million in debt, of which $5.5 million was repaid in October 2023; gross profit increased to $10.7 million in the third quarter compared to $10.3 million in the second quarter.
As of September 30, TeraWulf's total installed computing power capacity was 5.5 EH/s, an increase of 267% over the same period last year; the average operating computing power was 4.8 EH/s. TeraWulf announced an order for 18,500 Antminer S19j XP Bitcoin mining machines with a total price of US$75.4 million, with US$53.4 million already paid in advance. (Globenewswire)