TeraWulf Shares Down After Decline in Bitcoin Production Dents 4Q Revenue
-
By Amira McKee
Shares of TeraWulf slid after the company posted weaker revenue on lower bitcoin mining production and prices.
The stock fell 12% to $15.79 in Friday afternoon trading. The shares, which hit a three-year high of $18.51 on Wednesday, have more than quadrupled in the past year.
After the close on Thursday, the bitcoin mining company reported fourth-quarter digital asset revenue of $26.1 million, down 40% from $43.4 million in the third quarter, on lower bitcoin production and price. The drop was partially offset by 35% growth in high-performance computing lease revenue to $9.7 million from $7.2 million.
Both missed Wall Street's forecast for digital asset revenue of $32.3 million and high-performance computing lease revenue of $11.4 million, according to FactSet.
Terawulf logged a full-year net loss of $661.4 million, or $1.66 a share, compared with a loss of $72.4 million, or 21 cents a share, a year earlier.
Full-year revenue grew 20% to $168.5 million, below the $177.7 million that analysts polled by FactSet were expecting.
Write to Amira McKee at amira.mckee@wsj.com
source: https://www.tradingview.com/news/DJN_DN20260227009679:0/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Реєстрація Логін