TeraWulf (WULF)

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TeraWulf (WULF) - 2025 Q1 - Quarterly Results
2025-05-09 11:03
TeraWulf Reports First Quarter 2025 Results Commenced buildout of dedicated HPC data halls and remain on track to deliver 72.5 MW of gross HPC hosting infrastructure to Core42 in 2025. Initiated process to secure additional HPC customers; targeting 200-250 MW operational by year-end 2026. Energized Miner Building 5, bringing total capacity to 245 MW and increasing hashrate to 12.2 EH/s, up 52.5% year-over-year. Self-mining capacity increased 52.5% year-over-year to 12.2 EH/s. Held $219.6 million in cash and ...
TeraWulf Reports First Quarter 2025 Results
Globenewswire· 2025-05-09 11:00
Core Insights - TeraWulf Inc. reported a decrease in revenue for Q1 2025, totaling $34.4 million, down 19% from $42.4 million in Q1 2024, primarily due to the April 2024 halving, increased network difficulty, and elevated power prices [4][11] - The company achieved a self-mining capacity of 12.2 EH/s, reflecting a 52.5% year-over-year increase, and self-mined 372 bitcoins during the quarter [6][8] - TeraWulf held $219.6 million in cash and bitcoin as of March 31, 2025, and repurchased $33 million of common stock in 2025 [10][2] Financial Performance - Revenue for Q1 2025 was $34,405,000 compared to $42,433,000 in Q1 2024 [21] - Cost of revenue (excluding depreciation) increased to $24,553,000, representing 71.4% of revenue, compared to $14,408,000 or 34.0% in Q1 2024 [4][11] - The net loss for Q1 2025 was $61,418,000, compared to a net loss of $9,613,000 in Q1 2024 [21] Operational Highlights - The company energized Miner Building 5, increasing total capacity to 245 MW and enhancing hashrate to 12.2 EH/s [1][10] - TeraWulf aims to secure additional HPC customers, targeting 200-250 MW operational by year-end 2026 [1][9] - The average operating hash rate decreased to 7.3 EH/s in Q1 2025 from 8.0 EH/s in Q1 2024 [6] Strategic Initiatives - TeraWulf is focused on developing scalable, sustainable infrastructure for Bitcoin mining and high-performance computing [7][10] - The company plans to begin HPC hosting revenue in Q2 2025 as data halls come online [10] - Management emphasized the importance of disciplined capital allocation, as evidenced by the share repurchase program [10][15]
TeraWulf: A High-Stakes Q1 For A Miner Evolving Into HPC Hosting
Seeking Alpha· 2025-05-07 12:08
TeraWulf’s (NASDAQ: WULF ) Q1 earnings report is scheduled for 8:00 AM EST today (May 7). This article will cover the earnings preview and expectations from the earnings call, as well as the outlook for the fiscal year with anticipated updates from WULF Compute, theMandela has been a cryptocurrency enthusiast and trader since 2017. He loves coding and writing about cryptocurrencies and crypto investment strategies. He has an in-depth understanding of distributed ledger technology, the Web3 technology stack, ...
TeraWulf Inc. (WULF) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
ZACKS· 2025-05-02 15:06
Company Overview - TeraWulf Inc. (WULF) is anticipated to report a year-over-year decline in earnings despite higher revenues for the quarter ended March 2025, with a consensus outlook indicating a quarterly loss of $0.04 per share, representing a -100% change from the previous year [1][3][12] - Revenues are expected to reach $46.18 million, reflecting an 8.8% increase compared to the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for release on May 9, 2025, and could influence the stock price significantly depending on whether the actual results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised down by 166.67% over the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for TeraWulf is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +7.69%, suggesting a likelihood of beating the consensus EPS estimate [10][11] - The company currently holds a Zacks Rank of 3, indicating a hold position, which combined with the positive Earnings ESP suggests a potential earnings beat [11] Historical Performance - TeraWulf has not been able to surpass consensus EPS estimates in any of the last four quarters, with the last reported quarter showing a loss of $0.08 per share against an expected loss of $0.04, resulting in a -100% surprise [12][13] Industry Context - In the broader context, Blue Owl Capital Corporation (OBDC), a peer in the Zacks Financial - Miscellaneous Services industry, is expected to post earnings of $0.43 per share for the same quarter, indicating a year-over-year decline of -8.5% [17] - Blue Owl's revenue is projected to be $452.85 million, up 13.3% from the previous year, with a slight downward revision of 0.4% in the consensus EPS estimate over the last 30 days [17][18]
Bitcoin Is Booming, But Miners Like Riot, Iren, Hut 8, TeraWulf Are Flatlining
Benzinga· 2025-05-01 16:19
Bitcoin BTC/USD had a blowout April, rising 15% and closing near $94,300. But for a third straight month, miners with high-performance computing (HPC) ambitions — Iren Ltd IREN, Riot Platforms Inc RIOT, TeraWulf Inc WULF and Hut 8 Corp HUT — seriously lagged.While Bitcoin has gained 14.42% over the past month, Iren stock is down 5.05%. Riot stock has gained a meagre 0.46%, TeraWulf up 4.50% while Hut 8 stock has declined 2.18%.Read Also: Bitcoin, Gold Shine In April While Stocks, Oil Suffer— Mohamed El-Eria ...
TeraWulf Schedules Conference Call for First Quarter 2025 Financial Results
Globenewswire· 2025-04-28 16:51
Company Overview - TeraWulf Inc. is a leading owner and operator of vertically integrated, next-generation digital infrastructure primarily powered by zero-carbon energy sources [4] - The company focuses on environmentally sustainable data center infrastructure designed for Bitcoin mining and high-performance computing [4] - TeraWulf operates the Lake Mariner facility located on a retired coal plant site in Western New York, generating revenue mainly through Bitcoin mining [4] Upcoming Earnings Call - TeraWulf will hold its earnings conference call for the first quarter ended March 31, 2025, on May 9, 2025, at 8:00 a.m. Eastern Time [1][3] - A press release detailing the financial results will be issued prior to the call on the same day [2] Participation Details - Participants can join the call by logging on or dialing in approximately 5 minutes before the start time [3] - Access ID for the call is 13753593, with dial-in numbers provided for participants [3] Replay Information - A replay of the call will be available until May 23, 2025, at 11:59 PM ET [4] - The replay can be accessed via specific dial-in numbers provided [4]
TeraWulf Price Forecast Cut As Analyst Cites Tough Bitcoin Economics, Doubts Over AI Growth Plans
Benzinga· 2025-04-09 19:08
Rosenblatt Securities analyst Chris Brendler maintained TeraWulf WULF with a Buy and lowered the price target from $10 to $4 on Wednesday. TeraWulf fits perfectly into Brendler's Bitcoin mining investment thesis with low power costs, an efficient fleet and a strong balance sheet. Even better, it is one of only three miners to actually sign an HPC deal. Yet the stock has underperformed peers in the recent sell-off due to concerns about its ability to execute and sector-wide worries about the size of the AI o ...
Will TeraWulf's HPC Bet Keep The Juice Flowing?
Seeking Alpha· 2025-03-04 15:07
Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...
TeraWulf Announces Participation in Upcoming Conferences and Events
Globenewswire· 2025-03-04 14:06
Company Overview - TeraWulf Inc. operates vertically integrated, next-generation digital infrastructure primarily powered by zero-carbon energy, focusing on bitcoin mining and hosting HPC workloads [1] - The company owns and operates the Lake Mariner facility located on a retired coal plant site in Western New York, generating revenue mainly through bitcoin mining using predominantly zero-carbon energy sources like hydroelectric and nuclear power [1] - 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 [1] Upcoming Events - TeraWulf's senior management will participate in several upcoming conferences, including: - Bitcoin Ski Summit from March 5-7, 2025, in Jackson Hole, WY - Cantor Global Technology Conference on March 11-12, 2025, in New York, NY - 37th Annual Roth Conference from March 16-18, 2025, in Dana Point, CA - DCD>Connect on March 24-25, 2025, in New York, NY - NVIDIA GTC 2025 from March 17-20, 2025, in San Jose, CA - DC Blockchain Summit 2025 on March 26, 2025, in Washington, DC - Jones Healthcare and Technology Innovation Conference on April 8-9, 2025, in Las Vegas, NV - Data Center World from April 14-17, 2025, in Washington, DC - Jefferies Power x Coin Conference on April 16, 2025, virtually [3]
Upgrading TeraWulf To Strong Buy After Earnings
Seeking Alpha· 2025-03-02 13:30
Group 1 - TeraWulf (NASDAQ: WULF) reported its fourth quarter and full-year earnings, leading to a significant increase in stock price and trading volume [2] - Despite the recent surge, TeraWulf's stock had been in a prolonged downtrend prior to the earnings report, indicating potential volatility [2] - The focus of the analysis is on identifying growth stocks and maximizing capital efficiency, moving away from rigid buy-and-hold strategies [3] Group 2 - The investment strategy emphasizes limiting risk while maximizing potential rewards through real-time alerts and sector analysis [2][3] - The analyst has a decade of experience in financial markets, utilizing both technical and fundamental analysis to spot early growth opportunities [3]