Group 1: AI and Internet Comparison - The article highlights that artificial intelligence (AI) is poised to have a more significant impact than the internet, personal computers, or phones, with Bill Gates stating it is the most exciting innovation of his lifetime [2] Group 2: Bitcoin as an Asset Class - Bitcoin has emerged as the top-performing asset class of the decade, with gains exceeding 6,000% since its inception [3] - Blackrock launched the iShares Bitcoin Trust ETF in January 2024, indicating continued institutional interest in Bitcoin [4] Group 3: Companies Benefiting from Bitcoin Mining and AI - TeraWulf is focused on sustainable Bitcoin mining using clean energy sources and is positioned to benefit from the growing demand for clean energy in data centers [5][6] - Core Scientific is a leading Bitcoin mining company, having mined more Bitcoin than any other public company over the past three years [8] - Applied Digital has seen a significant increase in share value following a $160 million deal with Nvidia to enhance its digital infrastructure for high-performance computing [10] Group 4: Future Trends - The article concludes that data centers, AI, and Bitcoin mining are expected to be multi-year megatrends, with companies like Core Scientific, TeraWulf, and Applied Digital set to benefit in the long term [12]

It's been a reasonably good year for Bitcoin ( BTC-USD ) with the digital asset trading above $60,000 with returns of 36% for year-to-date. The same is not the case with most Bitcoin miners. With the halving event translating difficulty in Bitcoin mining, cost Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I a ...

LOS ANGELES, Sept. 18, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in TeraWulf Inc. ("TeraWulf" or "the Company") (NASDAQ: WULF) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the TeraWulf board breached its fiduciary duties to shareholders. If you are a shareholder, click here to participate. We also encourage you to ...

Needham analyst John Todaro initiated coverage on TeraWulf Inc WULF with a Buy rating and a price target of $6. Todaro noted that TeraWulf is one of the best miners for converting data center capacity to High-Performance Computing (HPC). HPC represents a high-margin, large, and growing revenue opportunity with long-term contracts that provide revenue and margin transparency longer term. Todaro noted that TeraWulf will be early to market in bringing a 100MW+ site online for HPC. Additionally, the analyst exp ...

Significant advancements of AI/HPC digital infrastructure at Lake Mariner 10.0 EH/s of installed and operational self-mining capacity, doubling year-over-year EASTON, Md., Sept. 04, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), a leading owner and operator of vertically integrated, domestic bitcoin mining facilities powered by predominantly zero-carbon energy, today provided an unaudited monthly production and operations update for August 2024. August 2024 Production a ...

Core Insights - TeraWulf Inc. reported significant financial growth in Q2 2024, with revenue reaching $35.6 million, a 130.2% increase year-over-year, and a gross profit of $21.7 million, up 109.4% from the previous year [1][3][13][14] - The company achieved an operational self-mining capacity of 8.8 EH/s, representing an 80% increase year-over-year [1][3] - TeraWulf successfully eliminated its debt by repaying approximately $30.2 million in Q2 2024 and an additional $75.8 million in July 2024 [1][15] Financial Performance - Revenue for Q2 2024 was $35.6 million compared to $15.5 million in Q2 2023, driven by increased self-mining hashrate and higher average bitcoin prices [3][13] - Gross profit (exclusive of depreciation) was $21.7 million in Q2 2024, with a gross profit margin of 60.9%, down from 66.9% in Q2 2023 [4][14] - Adjusted EBITDA for Q2 2024 was $19.5 million, a 156.4% increase from $7.6 million in Q2 2023 [5][26] Operational Highlights - The company self-mined 699 bitcoin in Q2 2024, a 21.4% decrease from 889 bitcoin in Q2 2023, with a total value of $46.1 million [5][6] - Power cost per bitcoin self-mined increased significantly to $22,954 in Q2 2024 from $6,688 in Q2 2023, attributed to increased network difficulty and the bitcoin reward halving [5][6] - The average operating hashrate increased by 105.6% year-over-year to 7.4 EH/s [6] Strategic Initiatives - TeraWulf is advancing AI and high-performance computing initiatives at its Lake Mariner Facility, which is powered by approximately 95% zero-carbon energy [2][7] - The completion of Building 4 at the Lake Mariner Facility has expanded the company's bitcoin mining infrastructure capacity to 245 MW and over 10.0 EH/s [10] - The company is also constructing Building 5, expected to add 50 MW of capacity by Q1 2025, which can be utilized for bitcoin mining or AI/HPC applications [10][11]

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% zerocarbon 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 eve ...

Core Insights - TeraWulf has achieved a significant 128.75% year-to-date gain and eliminated all outstanding debt, with a current market capitalization of $1.83 billion [2][13] - Hut 8 has also shown strong performance with a 40.78% year-to-date return and a market cap of $1.80 billion, driven by a partnership-driven strategy [4][11] - Both companies are positioned as key players in the small-cap crypto mining sector, highlighting their growth potential and strategic initiatives [15] TeraWulf - The company is committed to sustainability, operating vertically integrated bitcoin mining facilities powered by 95% zero-carbon energy [8] - TeraWulf plans to expand its operational infrastructure capacity from 210 MW to 295 MW, with potential for an additional 300 MW in the near term [8] - The elimination of debt enhances TeraWulf's financial flexibility, allowing for scaling operations and deploying low-cost energy infrastructure for Bitcoin mining and AI applications [10] Hut 8 - Hut 8's strategic focus on energy partnerships has allowed it to expand its energy infrastructure platform to approximately 1.3 gigawatts of capacity [5] - The company recently secured a power purchase agreement in Texas, granting exclusive access to 205 megawatts of power capacity [14] - Hut 8's innovative growth solutions and focus on high-density compute applications, including Bitcoin mining and AI, position it well for future success [7]

Roth MKM analyst Darren Aftahi initiated coverage on TeraWulf Inc. WULF with a Buy rating and price target of $6.50. Aftahi anticipates that leveraging its substantial power portfolio of hundreds of megawatts for potential HPC infrastructure could drive substantial value creation through enhanced revenue and profit visibility. In FY25, the analyst expects revenue to hit about $297 million (+93% Y/Y) and adjusted EBITDA of around $150.5 million. Disclaimer: This content was partially produced with the help o ...

TeraWulf Inc. (NASDAQ:WULF) Q1 2024 Earnings Conference Call May 13, 2024 5:00 PM ET Company Participants Jason Assad - Director, Corporate Communications Paul Prager - Chairman & CEO Nazar Khan - COO Patrick Fleury - CFO Conference Call Participants Josh Siegler - Cantor Fitzgerald Lucas Pipes - B. Riley Securities Joe Flynn - Compass Point Research Mike Grondahl - Northland Securities Bill Papanastasiou - Stifel Bob Evans - Pennington Capital Operator Greetings and welcome to TeraWulf 2024 First Quarter E ...