TeraWulf Reports First Quarter 2024 Financial Results
TeraWulf Inc. (WULF)
Company Research
Source: GlobeNewswire
Self-mined 1,057 bitcoin in Q1 2024, an 8.9% increase over Q4 2023, on a total installed hashrate of 8.0 EH/s. Q1 2024 revenue grows 82.2% over Q4 2023 to $42.4 million. Q1 2024 Non-GAAP Adjusted EBITDA increases 95.4% over Q4 2023 to $32.0 million. Paid down approximately $63.6 million of debt so far in 2024, demonstrating the power of low-cost, profitable operations. On track to reach ~10.2 EH/s in Q3 2024, with plans to grow to ~13.3 EH/s by Q1 2025. EASTON, Md., May 13, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today announced its unaudited interim financial results for the first quarter of fiscal year 2024 and provided an operational update. First Quarter 2024 GAAP Operational and Financial Highlights Self-mined 767 bitcoin at the Lake Mariner Facility and realized another 6 bitcoin earned from prof
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WULF
News
- TeraWulf Inc. (NASDAQ: WULF) had its price target raised by analysts at Cantor Fitzgerald from $7.00 to $9.00. They now have an "overweight" rating on the stock.MarketBeat
- Bitcoin Bounces to $67K with BTC Miners Rallying 5%-10%; XRP Leads Altcoins [Yahoo! Finance]Yahoo! Finance
- TeraWulf: Breakout Is Likely To Continue [Seeking Alpha]Seeking Alpha
- TeraWulf Inc. (NASDAQ: WULF) is now covered by analysts at Cantor Fitzgerald. They set an "overweight" rating and a $7.00 price target on the stock.MarketBeat
- TeraWulf Announces May 2024 Production and Operations Update [Yahoo! Finance]Yahoo! Finance
WULF
Earnings
- 5/13/24 - Miss
WULF
Sec Filings
- 6/25/24 - Form 4
- 6/25/24 - Form 4
- 6/25/24 - Form 4
- WULF's page on the SEC website