Core Viewpoint - TeraWulf Inc. is set to hold its earnings conference call for the second quarter of 2025 on August 8, 2025, at 8:00 a.m. Eastern Time, with a press release detailing the results to be issued prior to the call [1]. Company Overview - TeraWulf develops, owns, and operates environmentally sustainable data center infrastructure in the U.S., specifically for Bitcoin mining and high-performance computing [3]. - The company operates the Lake Mariner facility located on a retired coal plant site in Western New York and generates revenue primarily through Bitcoin mining, utilizing predominantly zero-carbon energy sources such as nuclear and hydroelectric power [3]. - TeraWulf is committed to environmental, social, and governance (ESG) principles, aiming to deliver industry-leading economics in mining and data center operations at an industrial scale [3]. Conference Call Information - The earnings conference call is scheduled for August 8, 2025, at 8:00 a.m. ET, with participants advised to log in or dial in approximately 5 minutes before the start [2]. - Access ID for the call is 13755187, and participants can join via a dial-in number or a webcast link provided [2]. Replay Information - A replay of the conference call will be available until August 22, 2025, at 11:59 PM ET, with specific dial-in numbers and access ID provided for listeners [3].

Group 1 - TeraWulf Inc. (WULF) shares have increased by 18% over the past four weeks, closing at $5.11, with a mean price target of $7.32 indicating a potential upside of 43.3% [1] - The mean estimate consists of 11 short-term price targets with a standard deviation of $1.72, where the lowest estimate is $4.00 (21.7% decline) and the highest is $10.00 (95.7% increase) [2] - Analysts show strong agreement on WULF's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][11] Group 2 - Recent revisions of earnings estimates for WULF have been positive, with two estimates moving higher in the last 30 days and the Zacks Consensus Estimate increasing by 4.9% [12] - WULF holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting the extent of gains, they can provide a directional guide for price movement [14]

EASTON, Md., May 27, 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, announced today the acquisition of 100% of the membership interests of Beowulf Electricity & Data LLC and its affiliates (collectively, “Beowulf E&D”). The strategic transaction simplifies TeraWulf’s corporate structure and eliminates a related-party relationship consolidating r ...

Core Insights - TeraWulf's shares dropped over 9% following a disappointing quarterly earnings report, contrasting with the relatively stable performance of the S&P 500 [1] Financial Performance - For the first quarter of 2025, TeraWulf reported revenue of $34.4 million, down from $42.4 million in the first quarter of 2024, with Bitcoin mined decreasing from 1,051 to 372 [2] - The net loss for the quarter increased significantly to over $61 million, equating to $0.16 per share, compared to a loss of less than $15 million in the previous year [2] Analyst Expectations - TeraWulf failed to meet analyst expectations, which anticipated revenue of slightly more than $46 million and an adjusted net loss of only $0.04 per share [3] Management Commentary - TeraWulf's CFO highlighted the company's strong cash position, stating they had $219.6 million in cash and Bitcoin holdings at the end of the quarter, indicating they are well-capitalized for near-term growth [4] - Despite recent gains in cryptocurrencies, the management's optimistic outlook did not alleviate investor concerns regarding the company's deteriorating fundamentals [4]

Financial Performance - Revenue for Q1 2025 was $34,405,000, a decrease of 18.5% from $42,433,000 in Q1 2024[16] - Total costs and expenses increased significantly to $94,033,000 in Q1 2025, compared to $44,749,000 in Q1 2024, resulting in an operating loss of $59,628,000[16] - Net loss for Q1 2025 was $61,418,000, compared to a net loss of $9,613,000 in Q1 2024, reflecting a substantial increase in losses[16] - Basic and diluted loss per common share for Q1 2025 was $0.16, compared to $0.03 in Q1 2024[16] - Consolidated net loss for the three months ended March 31, 2025, was $61.4 million, compared to a net loss of $9.6 million for the same period in 2024, representing a significant increase in losses[57] Equity and Capital Structure - Total stockholders' equity decreased to $170,375,000 as of March 31, 2025, down from $244,445,000 at the end of 2024[14] - The company reported an increase in additional paid-in capital to $705,897,000 as of March 31, 2025, from $685,261,000 at the end of 2024[14] - The company issued 20 million shares of Common Stock with a fair value of $68.8 million as part of the New Ground Lease transaction[70] - The company has authorized a share repurchase program of up to $200,000,000 through December 31, 2025[112] Cash Flow and Investments - Cash provided by operating activities was $56,487,000 in Q1 2025, a significant increase from $22,846,000 in Q1 2024[18] - Cash used in investing activities was $61,064,000 in Q1 2025, compared to $46,979,000 in Q1 2024[18] - The company repurchased treasury stock costing $33,292,000 during Q1 2025[18] - The company had cash and cash equivalents of $218.2 million as of March 31, 2025, compared to $274.1 million at the end of 2024, indicating a decrease of about 20.4%[39] Operations and Facilities - TeraWulf recorded revenue from mining of $34.4 million for the three months ended March 31, 2025, down from $41.6 million in the same period of 2024, representing a decrease of approximately 17.3%[35] - TeraWulf's Lake Mariner Facility has energized 245 MW of capacity across five buildings, supporting its bitcoin mining operations[24] - The company entered into long-term data center lease agreements for HPC operations, expected to commence throughout 2025 with an initial 10-year term[37] - TeraWulf's bitcoin miner hosting revenue was $0 for the three months ended March 31, 2025, down from $0.8 million in the same period of 2024[36] Tax and Valuation - The effective tax rate for the company was 0% for the three months ended March 31, 2025, primarily due to a valuation allowance against deferred tax assets[77] - As of March 31, 2025, the company recorded a valuation allowance for deferred tax assets, indicating it is more likely than not that these assets will not be realized[78] - The company had no unrecognized tax benefits as of March 31, 2025, and no accrued interest or penalties were recorded during the three months ended March 31, 2025[79] Debt and Financing - The company entered into a Loan, Guarantee and Security Agreement (LGSA) with total Term Loans of $146.0 million at an interest rate of 11.5%[80] - The company issued $500.0 million in 2.75% Convertible Senior Notes due 2030, with net proceeds totaling approximately $487.1 million after deducting issuance costs[87] - During the three months ended March 31, 2024, the company repaid $33.4 million of the principal balance of the Term Loans, including voluntary prepayments of $18.6 million[82] Stock and Compensation - Stock-based compensation expense for the three months ended March 31, 2025, was $38,700,000, compared to $6,900,000 for the same period in 2024[114] - As of March 31, 2025, there were 3,163,362 unvested Restricted Stock Units (RSUs) with an average grant date fair value of $4.57[116] - The company recognized $4.2 million of unrecognized compensation cost related to unvested non-employee RSUs, expected to be recognized over a weighted average period of 1.3 years[117] Market and Future Outlook - The company anticipates potential future risks including competition in the cryptocurrency mining industry and the need for additional capital[9] - A 10% increase or decrease in the price of bitcoin would have impacted net loss by approximately $3.4 million for the three months ended March 31, 2025[190] - A 10% increase or decrease in power prices would have affected net loss by approximately $2.5 million during the same period[190]

Five months ago in my prior coverage of the stock, I called TeraWulf (NASDAQ: WULF ) a 'hold' and spent time on the company's pivot to HPC/AI revenue. Though I generally viewed the HPC/AI segment as a necessaryFormer media research analyst. Main coverage areas are crypto, BTC miners, metal, and media equities. I'm not an investment advisor. I just share what I do with my own capital and why. Outside of Seeking Alpha, I also write the Heretic Speculator newsletter over at Substack.Analyst’s Disclosure: I/we ...

TeraWulf Inc. (WULF) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -128.57%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.08, delivering a surprise of -100%.Over the last four quarters, the company has not been ...

TeraWulf (WULF) Q1 2025 Earnings Call May 09, 2025 08:00 AM ET Company Participants John Larkin - SVP & Director of Investor RelationsPaul Prager - CEO, Co-Founder & ChairmanPatrick Fleury - Chief Financial OfficerMike Grondahl - Head of Equities & Director of ResearchNazar Khan - Co-Founder, COO, CTO & Executive DirectorBrett Knoblauch - Managing DirectorStephen Glagola - Director - Equity ResearchMartin Toner - Managing Director - Institutional Research, Growth & InnovationBill Papanastasiou - Vice Presid ...

TeraWulf (WULF) Q1 2025 Earnings Call May 09, 2025 08:00 AM ET Speaker0 Greetings and welcome to the TerraWolf twenty twenty five First Quarter Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, John Larkin, Senior Vice President, Director of Investor Relations. Thank you, sir. You may begin. Speaker1 Thank y ...

Operational Highlights - TeraWulf deployed 122 EH/s in Q1 2025[9] - The company mined 372 BTC in Q1 2025, averaging 41 BTC per day[9, 16] - TeraWulf is on track to deliver 60 MW of critical HPC hosting capacity to Core42 in 2025[9] - The company achieved an 18 J/TH fleet efficiency in Q1 2025[13] Financial Performance - Revenue reached $349 million in Q1 2025, a 102% increase year-over-year, with an average value per BTC self-mined of approximately $93k[16] - Non-GAAP Adjusted EBITDA was ($47) million in Q1 2025, down from $319 million in 1Q24 due to various factors[16] - As of March 31, 2025, TeraWulf held $2182 million in cash and cash equivalents, excluding BTC valued at $14 million[12, 16] - Net debt stood at $2818 million as of March 31, 2025, including $500 million in 275% Convertible Notes due 2030[16, 17] - Power cost was $0081/kWh in Q1 2025, a 65% increase year-over-year due to extreme winter weather conditions[16] Strategic Initiatives and Guidance - TeraWulf has a scalable infrastructure with 750 MW of potential capacity for HPC Hosting[3] - The company is targeting 225 MW and 12 EH/s for Q2 – Q4 2025[3] - TeraWulf secured its first data center lease with Core42 for 60 MW of capacity[27] - The company anticipates ~$16 million per MW Base Rent in Year 1 from the Core42 deal, escalating at 3% annually[27]