TeraWulf (WULF) reported a Q2 loss Wednesday of $1.94 per diluted share, widening from a loss of $0.05 a year earlier.

Analysts polled by FactSet expected a loss of $0.31 per share.

Revenue for the quarter ended June 30 was $44.8 million, compared with $47.6 million a year earlier.

Analysts polled by FactSet expected $46 million.

Shares of the company were down 2% in Wednesday premarket trading.