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.

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TeraWulf reports robust 2022 performance, eyes growth opportunities ahead

TeraWulf's Q4 2022 earnings call highlighted significant achievements, strong assets, and a commitment to shareholder value. The company's focus on growth, efficiency, and transparency positions it well for future success amidst industry challenges.

TeraWulf reports robust Q2 growth, eyes expansion and debt reduction

TeraWulf's Q2 2023 performance showcased strong production growth and improved profitability, driven by operational efficiency and financial transparency. While facing challenges with rising expenses and debt, the company aims to capitalize on opportunities for expansion and debt reduction post-halving, aligning with their zero-carbon mining strategy.

TeraWulf reports robust Q3 earnings, eyes sustainable growth strategies

TeraWulf's Q3 performance showcased strong financial results, debt reduction, and strategic initiatives. Despite facing short interest challenges, the company's emphasis on sustainable practices and growth opportunities positions it well for future success.

TeraWulf excels in Q4 2023, eyes growth amid market challenges

TeraWulf's Q4 2023 Earnings Call showcased impressive financial results, strategic initiatives for growth, and a commitment to shareholder value and transparency.
While the company faces challenges in market perception and financing, it is well-positioned to capitalize on opportunities in efficient operations, sustainable mining, and strategic partnerships.
Investors can find value in TeraWulf's performance, focus on profitability, and plans for debt reduction and growth, underpinned by a strong balance sheet and innovative initiatives.

Terawulf reports robust Q1 earnings, eyes sustainable growth opportunities

Terawulf's Q1 2024 earnings call highlighted strong financial performance, strategic growth initiatives, and a commitment to sustainable profitability.
The company faces challenges in power market dynamics and capital allocation but sees opportunities in scalable infrastructure and HPC-AI business expansion.
By prioritizing debt repayment, capital efficiency, and shareholder value, Terawulf aims to navigate challenges and capitalize on growth prospects.

Terawulf excels in Q2 2024, poised for growth in AI and HPC sectors

Terawulf's Q2 2024 earnings call highlighted strong financial performance, operational achievements, and strategic initiatives in AI, HPC, and Bitcoin mining. The company's focus on growth, profitability, and shareholder value creation positions it well for future success amidst market challenges and opportunities.
Despite facing challenges related to customer demand, margin optimization, and operational efficiency, Terawulf's proactive approach to addressing these issues and leveraging growth opportunities underscores its resilience and strategic foresight.
By capitalizing on opportunities in the HPC/AI sector, data center operations, and cryptocurrency market trends, Terawulf can drive revenue growth, market expansion, and sustainable profitability. Strategic partnerships and operational excellence will be key to realizing these opportunities.

Terawulf reports Q3 revenue decline, focuses on clean energy growth

Terawulf's Q3 '24 performance reflects a mixed financial picture with revenue decline and increased expenses.
The company's strategic strengths lie in debt reduction, asset sales, and focus on clean energy services.
Challenges include revenue diversification needs, regulatory uncertainties, and managing expense growth.
Opportunities exist in expanding hosting facilities, meeting clean energy demand, and maximizing shareholder value.

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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.

EASTON, Md.--( BUSINESS WIRE )--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 that today announced that the Company's Co-founder, Chairman and Chief Executive Officer, Paul Prager, has issued an open letter to shareholders.

TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO

EASTON, Md.--( BUSINESS WIRE )--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 that it has (i) reached a binding agreement in principle with its existing lenders on certain debt modifications, subject to the equity capital raise condition, and (ii) raised approximately $32 million of equity proceeds, which together are expected to bring the Company to positive free cash flow and enable a timely path to achieving the Company's operational objectives in 2023.

TeraWulf Announces Beneficial Debt Modifications and Approximately $32 Million of New Equity Proceeds

TeraWulf (NASDAQ: WULF ) stock is taking a beating on Thursday after the crypto mining company revealed plans for a public stock offering. According to a press release from TeraWulf, the company will offer up an additional 15% of shares sold in the offering to its underwriter.

Why Is TeraWulf (WULF) Stock Down 34% Today?

EASTON, Md.--( BUSINESS WIRE )--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 that it is commencing an underwritten public offering of its common stock (the "Offering"). TeraWulf also expects to grant to the underwriter for the Offering a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering. All of the shares to be sold in the Offering will be sold by TeraWulf, subject to customary closing conditions.

TeraWulf Announces Proposed Public Offering of Common Stock

EASTON, Md.--( BUSINESS WIRE )--Today 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, provided an unaudited monthly production and operations update for December 2022.

TeraWulf Announces December 2022 Production and Operations Updates

EASTON, Md.--( BUSINESS WIRE )--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, is pleased to release the following open letter to shareholders, lenders and other stakeholders from Paul Prager, TeraWulf's Chairman and Chief Executive Officer.

TeraWulf Issues an Open Letter from Chairman and CEO

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TeraWulf Inc saw its shares plunge 32% today after announcing a fund raising alongside a restructured purchase agreement with Bitmain, under which it will add 8,200 new mining machines to its fleet at no extra cost. The Maryland-based bitcoin mining company has raised $10 million via a $6.7 million registered direct offering of common stock and $3.4 million of convertible promissory notes to some of its largest shareholders.

TeraWulf shares slump as fund raising accompanies restructured Bitmain deal

EASTON, Md.--( BUSINESS WIRE )--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 that it has successfully restructured its previously announced purchase agreement with Bitmain Technologies Limited (“Bitmain”), enabling the Company to significantly expand its self-mining capacity and fully utilize 160 MW of its available mining capacity expected in Q1 2023. The Company also announced that it has raised new capital to repay the convertible promissory note (the “Advance”) with YA II PN, Ltd. (“Yorkville”) in full and expects to simultaneously issue a notice to Yorkville to terminate the accompanying standby equity purchase agreement (“SEPA”).

TeraWulf Significantly Increases Expected Q1 2023 Self-Mining Hash Rate at No Additional Cost and Announces Repayment of Certain Debt

EASTON, Md.--( BUSINESS WIRE )--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 an unaudited monthly production and operations update for November 2022.

TeraWulf Announces November 2022 Production and Operations Updates

EASTON, Md.--( BUSINESS WIRE )--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 an operational update and more detail regarding its cost-reduction initiatives that are underway to ensure the Company maintains greater resiliency in a low-priced Bitcoin environment. The Company also reiterated that the Lake Mariner facility is not impacted by the two-year moratorium on new permits for fossil fuel powered proof-of-work mining, which was recently signed into law by the Governor of the State of New York.

TeraWulf Updates Mining Operations and Cost-Reduction Initiatives

EASTON, Md.--( BUSINESS WIRE )--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 reported financial results for its third quarter ended September 30, 2022 and provided certain operational updates.

TeraWulf Announces Third Quarter 2022 Results and Provides Operational Updates

EASTON, Md.--(BUSINESS WIRE)---- $WULF #Bitcoin--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 it has increased its total operating capacity to more than 1.6 EH/s at its Lake Mariner facility in New York. The Company also announced $17 million of new capital, comprised of an approximate $9.5 million non-brokered private placement of equity (the “Private Place

TeraWulf Increases Operating Capacity to >1.6 EH/s and Announces $17 Million of Incremental Capital

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EASTON, Md.--(BUSINESS WIRE)---- $WULF #Bitcoin--TeraWulf Announces Operation of Nearly 12,000 Miners at Its Lake Mariner Facility

TeraWulf Announces Operation of Nearly 12,000 Miners at Its Lake Mariner Facility

EASTON, Md.--(BUSINESS WIRE)---- $WULF #Bitcoin--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, is pleased to announce that the Company and a subsidiary of Talen Energy Corporation have reached an agreement to amend their existing joint venture agreement (the “Nautilus JV”) for the Nautilus Cryptomine bitcoin mining facility (the “Nautilus Cryptomine Facility”), which is loca

TeraWulf Announces Amendments to its Nautilus Joint Venture Agreement with Talen Energy

EASTON, Md.--(BUSINESS WIRE)--TeraWulf Announces Second Quarter 2022 Results and Financial and Operational Updates

TeraWulf Announces Second Quarter 2022 Results and Financial and Operational Updates

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EASTON, Md.--(BUSINESS WIRE)---- $WULF #bitcoin--TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates fully integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, announced it has entered into a first amendment to the Loan Agreement with its existing lender group for an additional $50 million of debt. The Company intends to use net proceeds towards completing the datacenter infrastructure at its Lake Mariner facility in New York and Nautilus Cryp

TeraWulf Announces Closing of Previously Announced $50 Million Add-On Loan Facility and Initial Delivery of 3,000 S19 XP Antminers from Bitmain

Capital Supports Progress Towards Achieving Goal of 210 MW of Infrastructure by YE 2022  Company to Host Previously Scheduled Business Update Call at 5:00 PM E.T. Today EASTON, Md.

TeraWulf Announces Recent Financings and Near-Term Ramp of Digital Asset Infrastructure

Brings 22 Years of Financial Experience in Principal Investing and Advisory Roles to the TeraWulf Team EASTON, Md. , May 16, 2022 /PRNewswire/ -- TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which owns and operates fully integrated, domestic bitcoin mining facilities powered by more than 90% zero-carbon energy, today announced that Patrick Fleury has been appointed Chief Financial Officer, effective today.

TeraWulf Appoints Patrick Fleury as Chief Financial Officer

On Track to Begin Mining In Third Quarter 2022 EASTON, Md. , May 10, 2022 /PRNewswire/ -- TeraWulf Inc. (NASDAQ: WULF) ("TeraWulf" or the "Company"), which owns and operates fully integrated bitcoin mining facilities in the United States powered by more than 90% zero-carbon energy, today issued the following statement regarding the Nautilus Cryptomine facility in Pennsylvania, which is a 50/50 joint venture between TeraWulf and Talen Energy Corporation ("Talen"): The Nautilus Cryptomine facility, which is a joint venture between TeraWulf and Cumulus Coin, LLC, a subsidiary of Talen, remains on track to begin bitcoin mining operations in the third quarter of 2022.

TeraWulf Issues Statement Reiterating Plans for Nautilus Cryptomine

The market was not fond of a new stock sale.

Why TeraWulf's Shares Plunged 30.1% on Tuesday

EASTON, Md., April 12, 2022 /PRNewswire/ -- TeraWulf Inc. (Nasdaq:WULF) ("TeraWulf" or the "Company") today announced that it priced a public offering of its common stock (the "Offering") for gross proceeds of approximately $20.6 million, before deducting underwriting discounts and commissions and offering expenses payable by the Company.

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