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 ...

TERAWULF Moving Infrastructure Forward Investor Update August 2024 SAFE HARBOR STATEMENT This presentation is for informational purposes only and contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements t ...

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 ...

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]