TeraWulf Inc. (NASDAQ:WULF) Q2 2024 Earnings Conference Call August 12, 2024 5:00 PM ET Company Participants Jason Assad - Director of Corporate Communications Paul Prager - Chief Executive Officer Patrick Fleury - Chief Financial Officer Conference Call Participants Mike Grondahl - Northland Securities Joe Flynn - Compass Point Research & Trading Darren Aftahi - Roth Capital Partners Nick Giles - B. Riley Securities Brett Knoblauch - Cantor Fitzgerald Bill Papanastasiou - Stifel Kevin Cassidy - Rosenblatt ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________ FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |----------------------------------------------------------------------------|-- ...

Exhibit 99.1 TeraWulf Reports Second Quarter 2024 Financial Results 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 ...

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 ...

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 ...

Loading... 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. Such growth initiatives underscore TeraWulf's dedication to leveraging clean energy for digital asset mining. Meanwhile, Hut 8 has also made significant strides, posting a 40.78% YTD return. The company has a market cap of $1.80 billion. This partnership-driven strategy sets Hut 8 ...

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 lowcost energy infrastructure for bitcoin mining and high-performance computing (HPC)/AI applications. "Achieving a debt-free capital structure strategically positions us to promptly capital ...

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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41163 TERAWULF INC. Securities registered pursuant to 12(b) of the Exchange Act: (Exact name of registrant as specified in i ...