Terawulf Inc
NASDAQ:WULF

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Terawulf Inc
NASDAQ:WULF
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Price: 5.96 USD -6.88% Market Closed
Market Cap: 2.3B USD

Terawulf Inc
Investor Relations

Terawulf Inc., a company that has been making waves in the energy and cryptocurrency sectors, operates with a vision that combines innovative technology and clean energy solutions. Founded by a team of seasoned professionals in the energy industry, Terawulf is primarily focused on the environmentally conscious mining of Bitcoin. At its core, the company aims to bridge the gap between cryptocurrency mining and sustainable energy use by utilizing zero-carbon resources such as hydroelectric, solar, and nuclear power. By strategically positioning its operations near these energy sources, Terawulf significantly reduces its carbon footprint while maintaining a cost-effective mining process. This approach allows the company not only to produce ethical cryptocurrencies but also to potentially gain a competitive edge in an industry often scrutinized for its environmental impact.

Revenue generation for Terawulf stems from its successful Bitcoin mining operations. The company earns by effectively leveraging its energy-efficient infrastructure to mine cryptocurrencies at a lower cost compared to traditional operations. Beyond mining, Terawulf is involved in other aspects of the cryptocurrency and energy supply chain, further solidifying its business model. This vertical integration allows Terawulf to capture value at multiple stages, from energy generation to cryptocurrency transacting, thus creating a robust and diversified revenue stream. By aligning itself with sustainable practices and exploring further innovations in energy and technology, Terawulf positions itself as a forward-thinking leader in the convergence of green energy and digital currencies.

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Earnings Calls

2024 Q3
Nov 12, 2024
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TeraWulf reports challenges while positioning for growth with new power capabilities.
2024 Q3
Nov 12, 2024

In Q3 2024, TeraWulf self-mined 555 bitcoins, down 21% from the previous quarter, leading to a 24% revenue decline to $27.1 million. They recently sold their 25% stake in Nautilus for $85 million, streamlining operations. The improved power cost per mined bitcoin rose to $30,448. Looking ahead, they expect Q4 production costs of $59,000 per bitcoin and anticipate significant growth in high-performance computing. They have $400 million allocated for infrastructure upgrades and a $200 million stock buyback, having already repurchased $115 million in shares. This strategy aims to leverage their clean energy resources effectively amid increasing demand.

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Management

Mr. Paul B. Prager
Co-Founder, Chairman & CEO
No Bio Available
Mr. Patrick A. Fleury
Chief Financial Officer
No Bio Available
Ms. Kerri M. Langlais
Chief Strategy Officer & Executive Director
No Bio Available
Mr. Glenn Sandgren
Chief Executive Officer at IKONICS
No Bio Available

Contacts

Address
MARYLAND
Easton
9 Federal Street
Contacts
+14107709500.0
terawulf.com