TeraWulf Inc.'s Board of Directors Authorizes $200 Million Share Repurchase Program

Core Viewpoint - TeraWulf Inc. has announced a share repurchase program authorizing the repurchase of up to $200 million of its outstanding shares through December 31, 2025, reflecting confidence in its business strategy and financial health [1][2]. Financial Strategy - The company has fully retired its debt earlier this year and is focused on optimizing capital allocation to enhance shareholder value and drive profitable growth [2]. - The share repurchase will be funded using excess cash after disciplined capital expenditures aimed at supporting organic growth in high-performance computing (HPC) and artificial intelligence (AI) [1][2]. Share Repurchase Program Details - The timing, method, price, and volume of share repurchases will be at the company's discretion, with purchases potentially made through various avenues such as open market transactions or privately negotiated transactions [3]. - The company retains the right to modify, suspend, or discontinue the program at any time [3]. Company Overview - TeraWulf develops and operates environmentally sustainable data center infrastructure in the U.S., primarily for Bitcoin mining and high-performance computing, utilizing predominantly zero-carbon energy sources [4]. - The company operates the Lake Mariner facility, which is situated on a retired coal plant site in Western New York, and generates revenue mainly through Bitcoin mining [4].