Terawulf

TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. The company was founded on February 8, 2021 and is headquartered in Easton, MD.

Earnings data Q1 2024

TeraWulf reports strong Q2 performance, focuses on zero-carbon mining

TeraWulf's Q2 2023 performance reflects strong growth and a strategic focus on zero-carbon mining, accretive acquisitions, and energy cost control. The company's strengths in efficient miner fleets, financial transparency, and insider commitment position it for continued success. However, challenges related to halving impact on power costs and debt reduction require careful management. TeraWulf's opportunities lie in organic growth, geographic diversity, and leveraging Bitcoin for strategic initiatives.

TeraWulf achieves solid Q3 performance, focuses on debt reduction

TeraWulf's Q3 performance reflects solid operational and financial results, with a focus on maximizing profits, reducing debt, and returning value to shareholders. The company faces challenges related to its net loss and the need to manage market perceptions and investor confidence. However, TeraWulf's proactive steps, financial resilience, and strategic growth initiatives position it for sustainable expansion and financial strength in the cryptocurrency mining industry.

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TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. The company was founded by Paul Prager and Nazar Khan on February 8, 2021 and is headquartered in Easton, MD.

TeraWulf (WULF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

TeraWulf (WULF) Upgraded to Buy: Here's What You Should Know

Highlights the Company's Industry Leading ESG and Sustainability Efforts Highlights the Company's Industry Leading ESG and Sustainability Efforts

TeraWulf Releases Inaugural Corporate Social Responsibility Report

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TeraWulf Inc. (WULF) Q4 2023 Earnings Call Transcript

Annual Revenue Grows 360% Year-Over-Year; Annual BTC Self-Mined Increases 550% to 3,407 Reports Realized Cost of Power of 3.2 Cents Per Kilowatt Hour in 2023, Outperforming Company Guidance of 3.5 Cents Per Kilowatt Hour by 9% Self-Mining Operating Capacity Reaches 8 EH/s, More Than Quadrupling Capacity Since Beginning of 2023 Reports Current Cash and Bitcoin Holdings of $49 million as of February 29, 2024 EASTON, Md., March 19, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 95% zero-carbon energy, today announced its financial results for the fourth quarter and full year ended December 31, 2023.

TeraWulf Reports Fourth Quarter and Full Year 2023 Results

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EASTON, Md., March 14, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 95% zero-carbon energy, today announced will host a conference call on Tuesday, March 19 at 5:00 p.m.

TeraWulf Schedules Conference Call for Fourth Quarter and Full Year 2023 Financial Results

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Announces Exercise of Option to Expand at Nautilus Highlights Value of Over 300 MW of Available Digital Infrastructure Capacity at Lake Mariner Facility EASTON, Md., March 04, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 95% zero-carbon energy, today issued the following statement regarding Talen's sale of the Cumulus data center campus and disclosed the exercise of its option to increase its energy resources by an additional 50 MW at the Nautilus facility, bringing TeraWulf's bitcoin mining capacity at the Pennsylvania site to 100 MW.

TeraWulf Reaffirms Business as Usual at the Nautilus Facility Amid Talen's Sale of Data Center Campus

7.9 EH/s of installed and operational self-mining capacity Building 4 (35 MW) at Lake Mariner advancing construction, providing path to 10 EH/s by mid-2024 EASTON, Md., March 04, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 95% zero-carbon energy, today provided an unaudited monthly production and operations update for February 2024.

TeraWulf Announces February 2024 “Leap Month” Production and Operations Update

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Achieved 7.1 EH/s of self-mining in January with Building 3 (45 MW) at Lake Mariner fully energized Expected to reach 7.9 EH/s of owned hashrate in early February as additional S19j XPs are deployed Building 4 (35 MW) construction at Lake Mariner well underway, providing path to 10 EH/s by mid-2024 EASTON, Md., Feb. 02, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided an unaudited monthly production and operations update for January 2024.

TeraWulf Announces January 2024 Production and Operations Update: 7.1 EH/s and Counting

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EASTON, Md., Jan. 12, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced the appointment of two new independent directors to its board of directors: Christopher Jarvis, a proven cybersecurity expert with nearly 40 years of public and private sector leadership experience supporting national security; and Amanda Fabiano, a recognized leader in the bitcoin mining industry with extensive strategic and operational experience.

TeraWulf Announces Appointment of New Independent Directors to the Board

Self-mined 334 BTC in December for a total of 3,401 BTC mined year-to-date Building 3 at Lake Mariner operationally ready with deployment of 18,500 S19j XP miners expected in February 2024 Planning for additional growth with construction of Building 4 already underway Expansion of existing HPC project supporting generative AI planned for 2024 Expect to repay approximately $14 million of debt with cash generated in Q4 2023, with an $11 million repayment expected in January 2024 EASTON, Md., Jan. 03, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided an unaudited monthly production and operations update for December 2023.

TeraWulf Announces December 2023 Production and Operations Updates

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Fully funded 7.9 EH/s, increasing self-mining capacity by 58% Building 3 at the Lake Mariner facility now fully operational Planning for additional growth with construction of Building 4 already underway Expansion of existing HPC project supporting generative AI planned for 2024 EASTON, Md., Dec. 28, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided a business update.

TeraWulf Reports Fully Funded 7.9 EH/s and Future Expansion Plans

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TeraWulf, a small-cap Bitcoin miner, has experienced significant volatility in its stock price, with a massive rally followed by a 22% drop on Monday. WULF stock is currently at a decision point, with a key resistance level at $1.85 and support at $1.40. The stock's momentum is stretched, and the accumulation/distribution line indicates more selling than buying. TeraWulf's correlation to Bitcoin is weak, but a potential short squeeze could occur if the stock clears $1.85.

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