Core Viewpoint - Aurelius Capital Management has taken a significant position in TeraWulf, indicating confidence in the company's potential within the bitcoin mining sector [2][3][10] Group 1: Investment Details - Aurelius Capital Management acquired 450,000 shares of TeraWulf valued at approximately $5.1 million as of September 30 [3][6] - This new position represents 9.3% of Aurelius Capital's reportable assets under management (AUM) [4][6] - TeraWulf is now among the largest holdings in Aurelius Capital's portfolio, which has total U.S. equity AUM of $55.2 million across nine positions [3][4] Group 2: Company Overview - TeraWulf operates bitcoin mining facilities in New York and Pennsylvania, focusing on energy-efficient infrastructure for bitcoin mining [8][9] - The company reported a market capitalization of $5.2 billion and revenue of $167.6 million for the trailing twelve months (TTM) [5] - TeraWulf's net income for the TTM stands at a loss of $586.6 million [5] Group 3: Financial Performance - In the third quarter, TeraWulf reported revenue of $50.6 million, an increase of 87% year over year, driven by higher bitcoin prices and new high-performance computing lease revenue [11] - The company has secured over $17 billion in long-term, credit-enhanced high-performance computing contracts, shifting towards infrastructure-style cash flows [11] - TeraWulf's cash position was approximately $713 million at quarter-end, providing liquidity for expansion amid bitcoin market volatility [11]

Big News: @AMINABankGlobal is the first European bank to go live with Ripple Payments: https://t.co/dEEWtY2tsuThis partnership provides a crucial, compliant bridge between traditional fiat and blockchain rails, solving a major friction point for crypto-native clients who need efficient cross-border transactions.This is the next step in our expanding relationship with AMINA Bank, building on their earlier adoption of RLUSD.Our commitment to delivering secure, compliant, and resilient digital asset technology ...