TeraWulf, Inc. WULF shares are trading higher Wednesday amid a rise in the price of Bitcoin. The company also reported its fourth-quarter financial results Tuesday after the bell.

The Details:

TeraWulf reported its self-mining operating capacity increased by 464% to 7.9 exahash per second (“EH/s”) as of Dec. 31, 2023, as compared to 1.4 EH/s as of Dec. 31, 2022. The company reported its Bitcoin production increased 550% to 3,407 in 2023, as compared to 524 from the prior year.

The company reported quarterly losses of 3 cents per share which missed the analyst consensus estimate of losses of 2 cents per share.

Quarterly sales came in at $23.29 million, missing the analyst consensus estimate…

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