TeraWulf Inc.’s Board of Directors Authorizes $200 Million Share Repurchase Program
TeraWulf Inc. (WULF)
Company Research
Source: GlobeNewswire
EASTON, Md., Oct. 23, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced that its Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $200 million of the Company’s outstanding shares of common stock through December 31, 2025. The share repurchase program reflects the Company’s confidence in its business strategy and financial health. TeraWulf intends to repurchase shares using excess cash, prioritizing this initiative after disciplined capital expenditures aimed at supporting organic growth in HPC/AI and evaluating strategic opportunities, such as potential site acquisitions. “We have taken decisive steps to strengthen our balance sheet, including fully retiring our debt earlier this year, while making substantial progress in executing our business
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WULF
News
- TeraWulf Announces Promotion of Sean Farrell to Chief Operating OfficerGlobeNewswire
- TeraWulf Inc. (NASDAQ:WULF) Analysts Are Pretty Bullish On The Stock After Recent Results [Yahoo! Finance]Yahoo! Finance
- TeraWulf Inc. (NASDAQ: WULF) had its price target raised by analysts at Needham & Company LLC from $6.00 to $9.50. They now have a "buy" rating on the stock.MarketBeat
- TeraWulf Inc (WULF) Q3 2024 Earnings Call Highlights: Strategic Moves and Financial Challenges [Yahoo! Finance]Yahoo! Finance
- TeraWulf Reports Third Quarter 2024 Financial ResultsGlobeNewswire
WULF
Earnings
- 11/12/24 - Miss
WULF
Sec Filings
- 11/21/24 - Form 8-K
- 11/12/24 - Form SC
- 11/12/24 - Form 10-Q
- WULF's page on the SEC website