TeraWulf missed earnings estimates, reporting a larger-than-expected loss and lower revenue, with ongoing profitability and debt concerns.

TeraWulf (WULF) reported third-quarter earnings with a loss of $1.13 per share, missing expectations of a $0.05 loss, and revenue of $50.57 million, below the projected $51.7 million. The company, which operates bitcoin mining facilities in New York and Pennsylvania, continues to face profitability challenges, posting a negative net margin and return on equity. Despite a mid-day stock rise earlier in the week, shares declined after earnings, reflecting investor concerns over ongoing financial performance. Insiders reduced ownership, and the company maintains a high debt-to-equity ratio.