TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc. is based in Easton, Maryland.
IPO Year:
Exchange: NASDAQ
Website: https://www.terawulf.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/14/2024 | $5.00 | Buy | Rosenblatt |
7/2/2024 | $6.50 | Buy | ROTH MKM |
6/11/2024 | $4.00 → $7.00 | Overweight | Cantor Fitzgerald |
4/9/2024 | $4.20 | Buy | Rosenblatt |
10/18/2023 | $3.00 | Buy | Stifel |
9/7/2023 | $3.00 | Buy | Compass Point |
7/28/2023 | $4.00 | Overweight | Cantor Fitzgerald |
7/11/2023 | $4.25 | Outperform | Northland Capital |
3/25/2022 | $24.00 | Buy | B. Riley Securities |
Q2 2024 Revenue of $35.6 million, gross profit (exclusive of depreciation) of $21.7 million and Non-GAAP Adjusted EBITDA of $19.5 million. Revenue growth of 130.2% year-over-year for the three-month period ended June 30, 2024. Paid down approximately $30.2 million of debt in Q2 2024, followed by a significant repayment of $75.8 million in July 2024, fully eliminating the Company's debt ahead of maturity. Operational self-mining capacity as of June 30, 2024 increased 80% year-over-year to 8.8 EH/s. Continued advancements in AI and high-performance computing initiatives at Lake Mariner. EASTON, Md., Aug. 12, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Compa
EASTON, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), a U.S.-based, vertically integrated bitcoin mining company powered by more than 91% zero-carbon energy, today announced that it will hold its earnings conference call and webcast for the second ended June 30, 2024 on Monday, August 12 at 5:00 p.m. Eastern Time. A press release detailing these results will be issued prior to the call on the same day. Conference Call Information To participate in this event, please log on or dial in approximately 5 minutes before the beginning of the call. Date: August 12, 2024Time: 5:00 p.m. ETAccess ID: 13748140Webcast : https://viavid.webcasts.com
EASTON, Md., July 09, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by 95% zero-carbon energy, today announced the full repayment of its term loan ahead of schedule, eliminating all outstanding debt. The final payment, totaling $77.5 million, which includes pre-payment fees and accrued interest, underscores TeraWulf's commitment to financial prudence and resiliency. After paying off the term loan, the Company has no outstanding debt and has thereby maximized financial flexibility to scale and deploy its valuable and low-cost energy infrastructure for bitcoin mini
Self-mined 1,057 bitcoin in Q1 2024, an 8.9% increase over Q4 2023, on a total installed hashrate of 8.0 EH/s. Q1 2024 revenue grows 82.2% over Q4 2023 to $42.4 million. Q1 2024 Non-GAAP Adjusted EBITDA increases 95.4% over Q4 2023 to $32.0 million. Paid down approximately $63.6 million of debt so far in 2024, demonstrating the power of low-cost, profitable operations. On track to reach ~10.2 EH/s in Q3 2024, with plans to grow to ~13.3 EH/s by Q1 2025. EASTON, Md., May 13, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, to
EASTON, Md., April 30, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), a U.S.-based, vertically integrated bitcoin mining company powered by more than 91% zero-carbon energy, today announced that it will hold its earnings conference call and webcast for the first quarter ended March 31, 2024 on Monday, May 13 at 5:00 p.m. Eastern Time. A press release detailing these results will be issued prior to the call on the same day. Conference Call Information To participate in this event, please log on or dial in approximately 5 minutes before the beginning of the call. Date: May 13, 2024Time: 5:00 p.m. ETAccess ID: 13746456Webcast: https://viavid.we
EASTON, Md., April 08, 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 it has repaid an additional $30.1 million of its Term Loan, thereby reducing the debt balance to $75.9 million. Management Commentary Patrick Fleury, Chief Financial Officer, remarked, "This $30 million payment follows our repayment of approximately $40 million over the past six months. And there is more to come." Fleury also stated, "At today's approximate $70,000 bitcoin price, we expect our industry leading economics, resulting in a fully
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 financ
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. Eastern Time to discuss its operations and financial results from the fourth quarter and full year 2023. A press release detailing these results will be issued before the market opens on the same day TeraWulf management will provide prepared remarks, followed by a question-and-answer period. Conference Call Information To participate in this event, please log on or dial-in approxi
Reports Strong Financial Performance, Reiterates Plan for Organic Growth and Continued Debt Reduction in 2024 Forecasts Industry-Leading Bitcoin Mining Unit Economics for 2024 Targets 300 MW of Infrastructure Capacity in Operation by Year-End 2024 and 550 MW in 2025 EASTON, Md., March 06, 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 announced preliminary unaudited financial highlights for the fiscal year 2023 alongside projected financial metrics for 2024. TeraWulf plans to release financial results for the
Revenue of $19.0 million in Q3 2023, an increase of 22.6% over Q2 2023, on a total installed hashrate of 5.5 EH/s. Self-mined 994 Bitcoin in Q3 2023, a 9.5% increase over Q2 2023. Non-GAAP Adjusted EBITDA of $9.0 million in Q3 2023, an increase of 18.5% over Q2 2023. Expect to pay down approximately $7 million of debt with cash generated in Q3 2023, of which $5.5 million was repaid in October 2023. Ordered ~2.8 EH/s worth of BITMAIN S19j XP miners at $19/TH for delivery in December 2023. EASTON, Md., Nov. 13, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered b
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. He brings to TeraWulf 22 years of finance experience, including 16 years in principal investing roles and 6 years in advisory roles. Most recently, Mr. Fleury served as a founding member of the credit team at Platinum Equity, where he was responsible for public and private cre
EASTON, Md., March 3, 2022 /PRNewswire/ -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States, today announced the appointment of Michael Bucella to its Board of Directors, effective immediately. Michael Bucella brings technology and crypto experience to the Board of Directors and currently serves as a partner and the Global Head of Strategic Partnerships and Business Development at BlockTower Capital, a leading institutional cryptocurrency investment firm. Prior to joining BlockTower, he spent nearly a decade with Goldman Sachs running the multi-asset sales and t
8-K - TERAWULF INC. (0001083301) (Filer)
8-K - TERAWULF INC. (0001083301) (Filer)
8-K - TERAWULF INC. (0001083301) (Filer)
8-K - TERAWULF INC. (0001083301) (Filer)
8-K - TERAWULF INC. (0001083301) (Filer)
8-K - TERAWULF INC. (0001083301) (Filer)
8-K - TERAWULF INC. (0001083301) (Filer)
10-Q - TERAWULF INC. (0001083301) (Filer)
8-K - TERAWULF INC. (0001083301) (Filer)
8-K - TERAWULF INC. (0001083301) (Filer)
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Q2 2024 Revenue of $35.6 million, gross profit (exclusive of depreciation) of $21.7 million and Non-GAAP Adjusted EBITDA of $19.5 million. Revenue growth of 130.2% year-over-year for the three-month period ended June 30, 2024. Paid down approximately $30.2 million of debt in Q2 2024, followed by a significant repayment of $75.8 million in July 2024, fully eliminating the Company's debt ahead of maturity. Operational self-mining capacity as of June 30, 2024 increased 80% year-over-year to 8.8 EH/s. Continued advancements in AI and high-performance computing initiatives at Lake Mariner. EASTON, Md., Aug. 12, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Compa
Advancements of AI/HPC digital infrastructure projects at Lake Mariner 10 EH/s of installed and operational self-mining capacity, up 100.0% Y-o-Y Completion of Building 4 at Lake Mariner in July EASTON, Md., Aug. 05, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today provided an unaudited monthly production and operations update for July 2024. July 2024 Production and Operations Highlights Self-Mined Bitcoin: Mined 195 bitcoin in July with an average production rate of approximately 6.3 bitcoin per day.Operat
EASTON, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), a U.S.-based, vertically integrated bitcoin mining company powered by more than 91% zero-carbon energy, today announced that it will hold its earnings conference call and webcast for the second ended June 30, 2024 on Monday, August 12 at 5:00 p.m. Eastern Time. A press release detailing these results will be issued prior to the call on the same day. Conference Call Information To participate in this event, please log on or dial in approximately 5 minutes before the beginning of the call. Date: August 12, 2024Time: 5:00 p.m. ETAccess ID: 13748140Webcast : https://viavid.webcasts.com
EASTON, Md., July 09, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by 95% zero-carbon energy, today announced the full repayment of its term loan ahead of schedule, eliminating all outstanding debt. The final payment, totaling $77.5 million, which includes pre-payment fees and accrued interest, underscores TeraWulf's commitment to financial prudence and resiliency. After paying off the term loan, the Company has no outstanding debt and has thereby maximized financial flexibility to scale and deploy its valuable and low-cost energy infrastructure for bitcoin mini
8.8 EH/s of installed and operational self-mining capacity, up 76% Y-o-Y Construction of Building 4 at Lake Mariner substantially completed in June, paving the way to >10.0 EH/s in July 2024 AI/HPC digital infrastructure projects advancing at Lake Mariner EASTON, Md., July 03, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today provided an unaudited monthly production and operations update for June 2024. June 2024 Production and Operations Highlights Self-Mined Bitcoin: Mined 177 bitcoin in June with an average production rate of
8.0 EH/s of installed and operational self-mining capacity, up 82% Y-o-Y Building 4 at Lake Mariner scheduled for completion in June, paving the way to >10.0 EH/s in 2H 2024 AI/HPC digital infrastructure pilot advancing at Lake Mariner with innovative features and a strong focus on data security Releases latest construction update video on the Company's YouTube channel here EASTON, Md., June 04, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today provided an unaudited monthly production and operations update for May 2024. May 2024 P
Self-mined 1,057 bitcoin in Q1 2024, an 8.9% increase over Q4 2023, on a total installed hashrate of 8.0 EH/s. Q1 2024 revenue grows 82.2% over Q4 2023 to $42.4 million. Q1 2024 Non-GAAP Adjusted EBITDA increases 95.4% over Q4 2023 to $32.0 million. Paid down approximately $63.6 million of debt so far in 2024, demonstrating the power of low-cost, profitable operations. On track to reach ~10.2 EH/s in Q3 2024, with plans to grow to ~13.3 EH/s by Q1 2025. EASTON, Md., May 13, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, to
8.0 EH/s of installed and operational self-mining capacity Mining fleet achieved a Company record of 98% utilization Building 4 (35 MW) at Lake Mariner nearing final construction, providing path to 10.0 EH/s by mid-2024 EASTON, Md., May 02, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today provided an unaudited monthly production and operations update for April 2024. April 2024 Production and Operations Highlights Self-mined 348 bitcoin in April with an average production rate of 11
EASTON, Md., April 30, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), a U.S.-based, vertically integrated bitcoin mining company powered by more than 91% zero-carbon energy, today announced that it will hold its earnings conference call and webcast for the first quarter ended March 31, 2024 on Monday, May 13 at 5:00 p.m. Eastern Time. A press release detailing these results will be issued prior to the call on the same day. Conference Call Information To participate in this event, please log on or dial in approximately 5 minutes before the beginning of the call. Date: May 13, 2024Time: 5:00 p.m. ETAccess ID: 13746456Webcast: https://viavid.we
EASTON, Md., April 29, 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 that various members of senior management will be participating in the upcoming investor and industry conferences: AIM Summit London 2024Date: April 29-30, 2024Location: London, England DC Blockchain Summit 2024Date: May 15, 2024Location: Washington DC B. Riley Securities 24th Annual Institutional Investor ConferenceDate: May 22-23, 2024Location: Beverly Hills, CA Consensus 2024Date: May 29-30, 2024Location: Austin, TX Northla
Rosenblatt resumed coverage of TeraWulf with a rating of Buy and set a new price target of $5.00
ROTH MKM initiated coverage of TeraWulf with a rating of Buy and set a new price target of $6.50
Cantor Fitzgerald resumed coverage of TeraWulf with a rating of Overweight and set a new price target of $7.00 from $4.00 previously
Rosenblatt initiated coverage of TeraWulf with a rating of Buy and set a new price target of $4.20
Stifel initiated coverage of TeraWulf with a rating of Buy and set a new price target of $3.00
Compass Point initiated coverage of TeraWulf with a rating of Buy and set a new price target of $3.00
Cantor Fitzgerald initiated coverage of TeraWulf with a rating of Overweight and set a new price target of $4.00
Northland Capital initiated coverage of TeraWulf with a rating of Outperform and set a new price target of $4.25
B. Riley Securities initiated coverage of TeraWulf with a rating of Buy and set a new price target of $24.00
In a remarkable display of resilience and growth, TeraWulf Inc. (NASDAQ:WULF) and Hut 8 Corp. (NASDAQ:HUT) have emerged as standout performers in the small-cap crypto mining sector, each delivering impressive year-to-date returns of over 40%. TeraWulf Stock Up 128%: Sustainable Bitcoin Mining TeraWulf has not only achieved a remarkable 128.75% YTD gain but also recently demonstrated its financial strength by eliminating all outstanding debt. The company currently has a market capitalization of $1.83 billion. “Our business's profitability and strong cash generation have allowed us to successfully retire the remaining debt ahead of schedule,” stated Patrick Fleury, CFO of TeraWulf.
TeraWulf Inc (NASDAQ:WULF) on Tuesday announced that it paid off a term loan early, eliminating all outstanding debt. What Happened: TeraWulf completed full repayment of its term loan ahead of schedule after making a final payment of $77.5 million. The company said the move underscores its commitment to financial prudence and resiliency. After paying off the term loan and eliminating its debt, TeraWulf has maximized its financial flexibility to scale and deploy its valuable and low-cost energy infrastructure for bitcoin mining and high-performance computing AI applications. “Our business’s profitability and strong cash generation has allowed us to successfully retire the remaining d
Whales with a lot of money to spend have taken a noticeably bearish stance on TeraWulf. Looking at options history for TeraWulf (NASDAQ:WULF) we detected 14 trades. If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 57% with bearish. From the overall spotted trades, 3 are puts, for a total amount of $162,855 and 11, calls, for a total amount of $643,872. Expected Price Movements Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2.5 to $10.0 for TeraWulf over the recent three months. Volume & Open Interest Development Looking at the v
Roth MKM analyst Darren Aftahi maintains TeraWulf (NASDAQ:WULF) with a Buy and maintains $6.5 price target.
Shares of Bitcoin mining companies, including Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT), are falling Friday as the price of Bitcoin dips below $56,000. The Details: Bitcoin has fallen nearly 12% over the past five days as investors watch the movement of a large amount of Bitcoin by Mt. Gox from a cold wallet to a new wallet, possibly in preparation for payouts to its creditors. Bitcoin’s open interest has plunged 7% in the last 24 hours. A fall in price combined with a fall in open interest is viewed by some analysts as a good sign because the downtrend might end once all long sellers have closed their positions. Read Next: Coinbase S
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Truist Securities raised the price target for Belden Inc. (NYSE:BDC) from $119 to $123. Truist Securities analyst William Stein maintained a Buy rating. Belden shares rose 0.5% to close at $92.30 on Wednesday. See how other analysts view this stock. Baird boosted the price target for Quest Diagnostics Incorporated (NYSE:DGX) from $145 to $153. Baird analyst Eric Coldwell maintained a Neutral rating. Quest Diagnostics shares gained 3.1% to close at $140.90 on Wednesday. See how other analysts view t
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Friday. Shares of Bitfarms Ltd. (NASDAQ:BITF) fell sharply in today's pre-market trading amid weakness in Bitcoin (CRYPTO: BTC). Bitcoin prices tumbled 4% to $55,377 on Friday. Bitfarms shares dipped 7.6% to $2.32 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. TeraWulf Inc. (NASDAQ:WULF) shares tumbled 12.6% to $4.55 in pre-market trading after the company reported an unaudited monthly production and operations update for June. Applied Digital Corporation (NASDAQ:APLD) shares dipped 11.4% to $6.00 in pre-market trading after ga
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