TeraWulf Reports First Quarter 2024 Financial Results [Yahoo! Finance]
TeraWulf Inc. (WULF)
Company Research
Source: Yahoo! Finance
Q1 2024 Non-GAAP Adjusted EBITDA increases 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 GAAP Operational and Financial Highlights Self-mined 767 bitcoin at the Lake Mariner Facility and realized another 6 bitcoin earned from profit sharing associated with a hosting agreement. Revenue increased to $42.4 million in Q1 2024 compared to $23.3 million in Q4 2023. Gross profit (exclusive of depreciation) increased to $28.0
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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