Articles from TeraWulf Inc.

EASTON, Md., March 04, 2025 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, next-generation digital infrastructure primarily powered by zero-carbon energy, today announced that various members of senior management will be participating in the following upcoming conferences and events:

Announced strategic expansion into AI-driven HPC hosting with long-term data center leases expected to generate $1 billion in cumulative revenue over initial 10-year contract terms

Earnings Call Set for Friday, February 28 at 8:00 a.m. ET

EASTON, Md., Jan. 14, 2025 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced that various members of senior management will be participating in the upcoming investor and industry conferences:

Secured high-performance computing (HPC) data center leases with Core42 for more than 70 MW of digital infrastructure, representing total revenue of more than $1 billion over initial 10-year term

Core42, a Subsidiary of G42, will utilize the facility to expand its industry-leading AI Infrastructure offerings tailored to US customers

Completed critical electrical upgrades to support Lake Mariner HPC hosting and mining buildings

Farrell to Drive Operational Execution as the Company Scales Data Center Infrastructure

Q3 2024 Revenue of $27.1 million and Non-GAAP Adjusted EBITDA of $6.0 million.

Accelerating delivery of 72.5 MW high-performance computing (HPC) hosting capacity by end of Q2 2025

Earnings Call Set for Tuesday, November 12 at 5:00 p.m. ET

EASTON, Md., Oct. 25, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today completed its previously announced offering of 2.75% Convertible Senior Notes due 2030 (the “Convertible Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of notes sold in the offering was $500 million, which includes $75 million aggregate principal amount of notes issued pursuant to an option to purchase additional notes granted to the initial purchasers.

EASTON, Md., Oct. 24, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced the upsize and pricing of its offering of $425 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030 (the “Convertible Notes”). The Convertible Notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

EASTON, Md., Oct. 23, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced that it intends to offer, subject to market conditions and other factors, $350 million aggregate principal amount of convertible senior notes due 2030 (the “Convertible Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

EASTON, Md., Oct. 23, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced that its Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $200 million of the Company’s outstanding shares of common stock through December 31, 2025.

Industry veteran with 25+ years in capital markets and financial services to lead TeraWulf’s investor relations strategy

Extends Lease Term Up to 80 Years and Expands Land Area to 157 Acres, Increasing Infrastructure Capacity to 750 MW in Support of Future Growth

Significant advancements in HPC/AI digital infrastructure at Lake Mariner

Total Consideration of Approximately $92 Million, Resulting In a 3.4x Return on Investment1

Significant advancements of AI/HPC digital infrastructure at Lake Mariner

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.

Advancements of AI/HPC digital infrastructure projects at Lake Mariner

Earnings Call Set for Monday, August 12 at 5:00 p.m. ET

Debt-free balance sheet positions the Company to rapidly scale and deploy highly sought after energy infrastructure

8.8 EH/s of installed and operational self-mining capacity, up 76% Y-o-Y

8.0 EH/s of installed and operational self-mining capacity, up 82% Y-o-Y

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.

8.0 EH/s of installed and operational self-mining capacity

Earnings Call Set for Monday, May 13 at 5:00 p.m. ET

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:

Demonstrates Continued Progress in Debt Reduction

Highlights the Company’s Industry Leading ESG and Sustainability Efforts

                     8 EH/s of installed and operational self-mining capacity

Annual Revenue Grows 360% Year-Over-Year; Annual BTC Self-Mined Increases 550% to 3,407

Earnings Call Set for Tuesday, March 19 at 5:00 p.m. ET

Reports Strong Financial Performance, Reiterates Plan for Organic Growth and Continued Debt Reduction in 2024

Announces Exercise of Option to Expand at Nautilus

7.9 EH/s of installed and operational self-mining capacity

Achieved 7.6 EH/s of self-mining online in February.

Achieved 7.1 EH/s of self-mining in January with Building 3 (45 MW) at Lake Mariner fully energized

Christopher Jarvis and Amanda Fabiano to join the TeraWulf Board

Self-mined 334 BTC in December for a total of 3,401 BTC mined year-to-date

Fully funded 7.9 EH/s, increasing self-mining capacity by 58%

Self-mined 323 BTC in November for a total of 3,067 BTC self-mined year-to-date.

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 314 BTC in October for a total of 2,744 BTC mined year-to-date.

Earnings Call Set for Monday, November 13 at 5:00 p.m. ET

Self-mined 329 BTC in September for total of 989 BTC in Q3 2023 and 2,430 BTC mined year-to-date.

EASTON, Md., Sept. 20, 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 announced its participation in the following upcoming bitcoin industry events.

Self-mined 330 BTC in August for a total of 2,101 BTC mined year to date.

Increased hashrate capacity by 67% in Q2 2023 to 5.5 EH/s as of June 30, 2023.

Earnings Conference Call and Webcast Set for August 14, 2023, at 8:30 a.m. ET

- Delivered the highest monthly self-mining revenue in WULF history

Increases self-mining by 58% to 7.9 EH/s and over 200 MW of capacity by year end 2023

Increased hashrate capacity by 25% month-over-month to 5.5 EH/s as of June 30, 2023

Industry-leading power cost of approximately $6.2k per bitcoin produced in May 2023

Self-mined 323 BTC in May, a 35% increase over April, for a total of 1,094 BTC mined year to date.

EASTON, Md., May 31, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owner and operator of vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced that its Chief Financial Officer, Patrick Fleury, will present at the LD Micro Invitational XIII Conference being held at the Luxe Sunset Boulevard Hotel in Los Angeles, CA June 6 – 8, 2023.

Increased hashrate capacity by 65% in Q1 2023 to 3.3 EH/s as of March 31, 2023.

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 April 2023.

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 announced that the Company has now fully energized its 50-MW stake in the Nautilus Cryptomine facility, a joint venture with Cumulus Coin, LLC.

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 announced its participation in the following upcoming investor events.

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 March 2023.

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 its financial results for the fourth quarter and year ended December 31, 2022 and provided an operational update.

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 the Company is deploying solely BITMAIN Technologies Ltd. (“BITMAIN”) manufactured mining equipment to fill its 50 MW of capacity at the nuclear-powered Nautilus bitcoin mining facility.

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 confirmed that it does not hold any cash or maintain any accounts at Silicon Valley Bank or Silvergate Capital, and considers its exposure to any liquidity concerns at Signature Bank to be immaterial.

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 February 2023.

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 the Company has now energized roughly half of its 50-MW stake in the Nautilus Cryptomine facility, a joint venture with Cumulus Coin, LLC.

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 completed its previously announced underwritten public offering (the “Offering”) of 40,764,706 shares of its common stock, including 4,000,000 shares sold pursuant to the partial exercise of the underwriter’s option to purchase additional shares.

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 will host a conference call to discuss its operations and financial results from the fourth quarter and full year 2022. A press release detailing these results will be issued after the close of trading on the same day, and will be available on the Company’s website at www.terawulf.com.

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 January 2023.

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 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 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.

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.