Completed critical electrical upgrades to support Lake Mariner HPC hosting and mining buildings Remain on schedule to deliver 72.5 MW of HPC hosting capacity by the end of Q2 2025 Successfully installed approximately 7,400 state-of-the-art S21 Pro miners Achieved 8.4 EH/s of operational self-mining capacity, a 68% year-over-year increase EASTON, Md., Dec. 03, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf”... Read More

EASTON, Md., Nov. 21, 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 Sean Farrell has been promoted to Chief Operating Officer, effective immediately. Mr. Farrell will continue to report directly to Nazar Khan, Chief Technology... Read More

Q3 2024 Revenue of $27.1 million and Non-GAAP Adjusted EBITDA of $6.0 million. Revenue growth of 42.8% year-over-year for the three-month period ended September 30, 2024. Operational self-mining capacity as of September 30, 2024 increased 100% year-over-year to 10.0 EH/s. Subsequent to Q3 2024, strategic activities included: (i) sale of Nautilus JV interest, (ii) new Lake Mariner ground lease, (iii) convertible note offering... Read More

Accelerating delivery of 72.5 MW high-performance computing (HPC) hosting capacity by end of Q2 2025 8.1 EH/s of operational self-mining capacity, up 62% year-over-year EASTON, Md., Nov. 04, 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... Read More

EASTON, Md., Oct. 29, 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 it will hold its earnings conference call and webcast for the third quarter ended September 30, 2024 on Tuesday, November 12, 2024 at 5:00 p.m. Eastern Time. A... Read More

EASTON, Md., Oct. 25, 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 completed its previously announced offering of 2.75% Convertible Senior... Read More

EASTON, Md., Oct. 24, 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 the upsize and pricing of its offering of $425 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030 (the “Convertible Notes”). The... Read More

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 it intends to offer, subject to market conditions and other factors, $350 million aggregate principal amount of convertible senior notes due 2030 (the... Read More

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... Read More

EASTON, Md., Oct. 16, 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 the appointment of John Larkin as Senior Vice President, Director of Investor Relations. In this role, Mr. Larkin will report to Chief Executive Officer Paul Prager.... Read More

EASTON, Md., Oct. 10, 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 a new, long-term ground lease agreement at Lake Mariner (“New Ground Lease”) that supports the Company’s expansion into high-performance computing (HPC) and AI data... Read More

Significant advancements in HPC/AI digital infrastructure at Lake Mariner 10.0 EH/s of operational self-mining capacity, doubling year-over-year EASTON, Md., Oct. 04, 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 provided an unaudited monthly... Read More

Total Consideration of Approximately $92 Million, Resulting In a 3.4x Return on Investment 1 2 MW AI/HPC Proof-of-Concept Project Nearing Completion; Targeting operations for 20 MW CB-1 in Q1 2025 and 50 MW CB-2 in Q2 2025 Maintains Q1 2025 Target ~13 EH/s Operating Capacity While Upgrading Fleet Efficiency to 18.2 J/TH and Optimizing Operating Expenses Schedules Conference Call for Third Quarter 2024 Financial Results... Read More

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... Read More

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... Read More

Advancements of AI/HPC digital infrastructure projects at Lake Mariner 10 EH/s of installed and operational self-mining capacity, up 100.0% Y-o-Y Completion of Building 4 at Lake Mariner in July EASTON, Md., Aug. 05, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today... Read More

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% zero-carbon 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... Read More

EASTON, Md., July 09, 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 the full repayment of its term loan ahead of schedule, eliminating all outstanding debt. The final payment, totaling $77.5 million, which includes pre-payment fees and accrued interest,... Read More

8.8 EH/s of installed and operational self-mining capacity, up 76% Y-o-Y Construction of Building 4 at Lake Mariner substantially completed in June, paving the way to >10.0 EH/s in July 2024 AI/HPC digital infrastructure projects advancing at Lake Mariner EASTON, Md., July 03, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin... Read More

8.0 EH/s of installed and operational self-mining capacity, up 82% Y-o-Y Building 4 at Lake Mariner scheduled for completion in June, paving the way to >10.0 EH/s in 2H 2024 AI/HPC digital infrastructure pilot advancing at Lake Mariner with innovative features and a strong focus on data security Releases latest construction update video on the Company’s YouTube channel here EASTON, Md., June 04, 2024 (GLOBE NEWSWIRE) --... Read More

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... Read More

8.0 EH/s of installed and operational self-mining capacity Mining fleet achieved a Company record of 98% utilization Building 4 (35 MW) at Lake Mariner nearing final construction, providing path to 10.0 EH/s by mid-2024 EASTON, Md., May 02, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95%... Read More

EASTON, Md., April 30, 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% zero-carbon energy, today announced that it will hold its earnings conference call and webcast for the first quarter ended March 31, 2024 on Monday, May 13 at 5:00 p.m. Eastern Time. A press release detailing these results will be... Read More

EASTON, Md., April 29, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 95% zero-carbon energy, today announced that various members of senior management will be participating in the upcoming investor and industry conferences: AIM Summit London 2024 Date: April 29-30, 2024 Location:... Read More

EASTON, Md., April 08, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 95% zero-carbon energy, today announced it has repaid an additional $30.1 million of its Term Loan, thereby reducing the debt balance to $75.9 million. Management Commentary Patrick Fleury, Chief Financial Officer,... Read More

EASTON, Md., April 03, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today released its inaugural Corporate Social Responsibility (CSR) report for fiscal year 2023. This comprehensive report outlines TeraWulf’s commitments, goals, and initiatives across various CSR and... Read More

8 EH/s of installed and operational self-mining capacity Building 4 (35 MW) at Lake Mariner nearing final construction, providing path to 10 EH/s by mid-2024 EASTON, Md., April 02, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 95% zero-carbon energy, today provided an unaudited monthly... Read More

Annual Revenue Grows 360% Year-Over-Year; Annual BTC Self-Mined Increases 550% to 3,407 Reports Realized Cost of Power of 3.2 Cents Per Kilowatt Hour in 2023, Outperforming Company Guidance of 3.5 Cents Per Kilowatt Hour by 9% Self-Mining Operating Capacity Reaches 8 EH/s, More Than Quadrupling Capacity Since Beginning of 2023 Reports Current Cash and Bitcoin Holdings of $49 million as of February 29, 2024 EASTON, Md., March... Read More

EASTON, Md., March 14, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 95% zero-carbon energy, today announced will host a conference call on Tuesday, March 19 at 5:00 p.m. Eastern Time to discuss its operations and financial results from the fourth quarter and full year 2023. A press... Read More

Reports Strong Financial Performance, Reiterates Plan for Organic Growth and Continued Debt Reduction in 2024 Forecasts Industry-Leading Bitcoin Mining Unit Economics for 2024 Targets 300 MW of Infrastructure Capacity in Operation by Year-End 2024 and 550 MW in 2025 EASTON, Md., March 06, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated,... Read More

Announces Exercise of Option to Expand at Nautilus Highlights Value of Over 300 MW of Available Digital Infrastructure Capacity at Lake Mariner Facility EASTON, Md., March 04, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 95% zero-carbon energy, today issued the following statement... Read More

7.9 EH/s of installed and operational self-mining capacity Building 4 (35 MW) at Lake Mariner advancing construction, providing path to 10 EH/s by mid-2024 EASTON, Md., March 04, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 95% zero-carbon energy, today provided an unaudited monthly... Read More

Achieved 7.6 EH/s of self-mining online in February. Expect to reach 8 EH/s of owned hashrate in Q1 2024 and 10 EH/s by mid-2024. $22 million debt repayment extends cash flow sweep to maturity. Expect another significant debt repayment in early April 2024 with cash generated in Q1 2024. Balance sheet and liquidity continue to improve with over $50 million of cash reserve at year-end 2023. EASTON, Md. , Feb. 15, 2024 (GLOBE... Read More

Achieved 7.1 EH/s of self-mining in January with Building 3 (45 MW) at Lake Mariner fully energized Expected to reach 7.9 EH/s of owned hashrate in early February as additional S19j XPs are deployed Building 4 (35 MW) construction at Lake Mariner well underway, providing path to 10 EH/s by mid-2024 EASTON, Md., Feb. 02, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators... Read More

EASTON, Md., Jan. 12, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc . (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced the appointment of two new independent directors to its board of directors: Christopher Jarvis, a proven cybersecurity expert with nearly 40 years of public and private sector... Read More

Self-mined 334 BTC in December for a total of 3,401 BTC mined year-to-date Building 3 at Lake Mariner operationally ready with deployment of 18,500 S19j XP miners expected in February 2024 Planning for additional growth with construction of Building 4 already underway Expansion of existing HPC project supporting generative AI planned for 2024 Expect to repay approximately $14 million of debt with cash generated in Q4 2023,... Read More

Fully funded 7.9 EH/s, increasing self-mining capacity by 58% Building 3 at the Lake Mariner facility now fully operational Planning for additional growth with construction of Building 4 already underway Expansion of existing HPC project supporting generative AI planned for 2024 EASTON, Md., Dec. 28, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically... Read More

Self-mined 323 BTC in November for a total of 3,067 BTC self-mined year-to-date. Increased total capacity participating in demand response programs at the Lake Mariner facility. EASTON, Md., Dec. 04, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided... Read More

Revenue of $19.0 million in Q3 2023, an increase of 22.6% over Q2 2023, on a total installed hashrate of 5.5 EH/s. Self-mined 994 Bitcoin in Q3 2023, a 9.5% increase over Q2 2023. Non-GAAP Adjusted EBITDA of $9.0 million in Q3 2023, an increase of 18.5% over Q2 2023. Expect to pay down approximately $7 million of debt with cash generated in Q3 2023, of which $5.5 million was repaid in October 2023. Ordered ~2.8 EH/s worth of... Read More

Self-mined 314 BTC in October for a total of 2,744 BTC mined year-to-date. Continued to participate in multiple demand response programs at the Lake Mariner facility. EASTON, Md., Nov. 02, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided an unaudited... Read More

EASTON, Md., Nov. 01, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a U.S.-based, vertically integrated bitcoin mining company powered by more than 91% zero-carbon energy, today announced that it will hold its earnings conference call and webcast for the third quarter ended September 30, 2023 on Monday, November 13 at 5:00 p.m. Eastern Time. A press release detailing these results will... Read More

Self-mined 329 BTC in September for total of 989 BTC in Q3 2023 and 2,430 BTC mined year-to-date. Generated approx. $6.5 million of free cash flow in Q3 2023, which will be used to repay debt. Continued to participate in multiple demand response programs at the Lake Mariner facility. EASTON, Md., Oct. 03, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically... Read More

EASTON, Md., Sept. 20, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced its participation in the following upcoming bitcoin industry events. BITMAIN World Digital Mining Summit 2023 Nazar Khan, Co-founder, Chief Operating Officer, and Chief... Read More

Self-mined 330 BTC in August for a total of 2,101 BTC mined year to date. Continued to participate in multiple demand response programs at the Lake Mariner facility. EASTON, Md., Sept. 05, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided an unaudited... Read More

Increased hashrate capacity by 67% in Q2 2023 to 5.5 EH/s as of June 30, 2023. Self-mined 908 Bitcoin in Q2 2023, an increase of 70% over the Bitcoin self-mined in Q1 2023. Revenue per Bitcoin produced increased 21% in Q2 2023, while power cost per Bitcoin declined by 15%. EASTON, Md., Aug. 14, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated,... Read More

EASTON, Md., Aug. 04, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced that on Monday, August 14, 2023, at 8:30 a.m. Eastern time it will hold its earnings conference call and webcast for the second quarter ended June 30, 2023. Conference Call... Read More

Delivered the highest monthly self-mining revenue in WULF history Self-mined 330 BTC in July for a total of 1,771 BTC mined year to date Strategically participated in several demand response events at the Lake Mariner facility EASTON, Md., Aug. 03, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by... Read More

Increases self-mining by 58% to 7.9 EH/s and over 200 MW of capacity by year end 2023 Creates one of the most efficient and profitable mining fleets in the sector by combining a fleet efficiency of 25.7 J/TH with low-cost 91% zero-carbon power Represents the first large-scale order of S19j XPs from BITMAIN EASTON, Md., July 18, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owner and... Read More

Increased hashrate capacity by 25% month-over-month to 5.5 EH/s as of June 30, 2023 Self-mined 347 BTC in June, an 8% increase over May, for a total of 909 BTC mined in 2Q 2023 and 1,441 BTC year to date EASTON, Md., July 06, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91%... Read More

Industry-leading power cost of approximately $6.2k per bitcoin produced in May 2023 Near-term ability to expand capacity by up to 150 MW at existing sites Proprietary Bitcoin mining fleet powered by more than 91% zero-carbon energy EASTON, Md., June 22, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owner and operator of vertically integrated, domestic Bitcoin mining facilities powered... Read More

Self-mined 323 BTC in May, a 35% increase over April, for a total of 1,094 BTC mined year to date. Increased hash rate capacity by over 13% month-over-month to 4.4 EH/s as of May 31, 2023. EASTON, Md., June 05, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today... Read More

EASTON, Md., May 31, 2023 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owner and operator of vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced that its Chief Financial Officer, Patrick Fleury, will present at the LD Micro Invitational XIII Conference being held at the Luxe Sunset Boulevard Hotel in Los Angeles, CA June 6 –... Read More

Increased hash rate capacity by over 21% month-over-month to 4 EH/s as of April 30, 2023. Self-mined 239 BTC in April and 771 BTC year to date in 2023. Fully deployed 50 MW of self-mining capacity at the Nautilus facility ahead of schedule. EASTON, Md. / May 04, 2023 / Business Wire / TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities... Read More

First behind-the-meter Bitcoin mining facility powered by 100% nuclear power in the U.S. TeraWulf benefits from a fixed power cost of only $0.02 per kilowatt hour for a term of five years at the Nautilus facility Company remains on target to deliver 5.5 EH/s (50,000 miners, 160 MW) across its two sites in Q2’23 EASTON, Md. / Apr 20, 2023 / Business Wire / TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and... Read More

Built 110 MW of mining infrastructure, with another 50 MW targeted in Q2 2023. Exited 2022 with 18,000 deployed miners with 2.0 EH/s of hash rate capacity. Self-mined 524 Bitcoin in 2022 and 810 Bitcoin since inception through February 2023. Expects to nearly triple hash rate to 5.5 EH/s and 160 MW at existing sites in Q2 2023. Reiterates targeted blended cost of power of $0.035 per kilowatt hour across its two sites.... Read More

TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today confirmed that it does not hold any cash or maintain any accounts at Silicon Valley Bank or Silvergate Capital, and considers its exposure to any liquidity concerns at Signature Bank to be immaterial. TeraWulf currently holds... Read More

Increased self-mining hash rate capacity by > 82% month-over-month to 2.6 EH/s as of February 28, 2023. Energized Nautilus Cryptomine, the first nuclear-powered bitcoin mining facility in the U.S., with 1 EH/s of self-mining capacity deployed at month end. TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91%... Read More

Earnings Call Scheduled for Thursday, March 30 at 5:00 p.m. ET TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced it will host a conference call to discuss its operations and financial results from the fourth quarter and full year 2022. A press release detailing these results... Read More

Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022 Deployed fleet of 18,000 miners exceeding hash rate capacity of 2.0 EH/s as of January 31, 2023 Energization of the Nautilus Cryptomine facility remains on track for Q1 2023 Continued focus on expanding to 5.5 EH/s of operating capacity with 50,000 self-miners Average power cost per Bitcoin of $9,470 in January 2023 reinforcing industry-leading power... Read More

Deal will Eliminate principal payments and defer amortization to April 2024 with ability to extend to maturity. Company expects to be fully funded to positive free cash flow from bitcoin mining operations in Q2 2023. Advances industry leading growth rate to achieve targeted 160 MW and 5.5 EH of capacity in Q2 2023. TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated,... Read More

TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced that it is commencing an underwritten public offering of its common stock (the "Offering"). TeraWulf also expects to grant to the underwriter for the Offering a 30-day option to purchase up to an additional 15% of the number... Read More

Proprietary mining produced 125 Bitcoin in December ‘22, pushing Q4 ‘22 total to 378 Bitcoin, reflecting a more than 220% increase over the Bitcoin produced in Q3 ‘22 Total fleet of deployed miners reached 18,000 with over 2.0 EH/s of hash rate as of December 31, 2022 On track to bring additional 15,000 miners online at Nautilus Cryptomine in Q1 2023 Today TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which... Read More

TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, is pleased to release the following open letter to shareholders, lenders and other stakeholders from Paul Prager, TeraWulf’s Chairman and Chief Executive Officer. The full text of the letter is as follows: An Open Letter from TeraWulf... Read More

Bitmain Purchase Agreement Meaningfully Increases Self-Mining Capabilities by 8,200 miners (+23%) to 44,450 Owned Miners with an Expected Hash Rate Capacity of 5.0 EH/s Fully Utilizes Expected 160 MW of Mining Infrastructure Capacity Available in Q1 2023 with Approximately 34,000 Miners at Lake Mariner and 15,000 Miners at Nautilus Cryptomine Raises Capital to Repay Convertible Promissory Note and Terminate SEPA with... Read More

Deployed fleet of 17,500 miners achieving hash rate capacity of 2.0 EH/s as of November 30, 2022 Cost of Power Decreased 45% to $6k per BTC in November from $11k per BTC in October 2022 Energization of the Nautilus Cryptomine Facility Remains On Target for Q1 2023 with additional 15,000 miners TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining... Read More

Previously Announced Initiatives Enable Operational Resiliency in a Low-Priced Bitcoin Environment Lake Mariner Operations Not Impacted by Recently Signed Moratorium in New York State TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided an operational update and more detail... Read More

Q3 2022 Operating Capacity >1.5 EH/s with 117 Bitcoin Self-Mined Operational Ramp Continues with BTC Self-Mined in October 2022 Exceeding Total for Q3 2022 TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today reported financial results for its third quarter ended September 30, 2022 and... Read More

TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced it has increased its total operating capacity to more than 1.6 EH/s at its Lake Mariner facility in New York. The Company also announced $17 million of new capital, comprised of an approximate $9.5 million non-brokered... Read More

TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, announced today the successful energization of its initial batch of over 3,000 S19 XP mining machines from the previously announced agreement with Bitmain Technologies Limited (“Bitmain”) for its Lake Mariner facility in New York. Together... Read More

TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, is pleased to announce that the Company and a subsidiary of Talen Energy Corporation have reached an agreement to amend their existing joint venture agreement (the “Nautilus JV”) for the Nautilus Cryptomine bitcoin mining facility (the... Read More

TeraWulf Inc . (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today reported financial results for its second quarter ended June 30, 2022, and provided a subsequent operational and financial update. Recent Operational and Financial Highlights Announces energization of first dedicated mining building... Read More

TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates fully integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, announced it has entered into a first amendment to the Loan Agreement with its existing lender group for an additional $50 million of debt. The Company intends to use net proceeds towards completing the datacenter infrastructure at its Lake... Read More

Capital Supports Progress Towards Achieving Goal of 210 MW of Infrastructure by YE 2022 Company to Host Previously Scheduled Business Update Call at 5:00 PM E.T. Today TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which owns and operates fully integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced recent financing actions that are expected to support the... Read More

TeraWulf Inc. (NASDAQ: WULF) ("TeraWulf" or the "Company"), which owns and operates fully integrated, domestic bitcoin mining facilities powered by more than 90% zero-carbon energy, today announced its participation in the following upcoming investor events. May 25, 2022 : 7th Annual Morgan Stanley Sustainable Futures Conference Nazar Khan , Co-founder, Chief Operating Officer, and Chief Technology Officer of TeraWulf, will... Read More

Brings 22 Years of Financial Experience in Principal Investing and Advisory Roles to the TeraWulf Team TeraWulf Inc . (Nasdaq: WULF) ("TeraWulf" or the "Company"), which owns and operates fully integrated, domestic bitcoin mining facilities powered by more than 90% zero-carbon energy, today announced that Patrick Fleury has been appointed Chief Financial Officer, effective today. He brings to TeraWulf 22 years of finance... Read More

On Track to Begin Mining In Third Quarter 2022 TeraWulf Inc. (NASDAQ: WULF) ("TeraWulf" or the "Company"), which owns and operates fully integrated bitcoin mining facilities in the United States powered by more than 90% zero-carbon energy, today issued the following statement regarding the Nautilus Cryptomine facility in Pennsylvania , which is a 50/50 joint venture between TeraWulf and Talen Energy Corporation ("Talen"):... Read More

TeraWulf Inc. (Nasdaq:WULF) ("TeraWulf" or the "Company") today announced that it priced a public offering of its common stock (the "Offering") for gross proceeds of approximately $20.6 million , before deducting underwriting discounts and commissions and offering expenses payable by the Company. In addition, the Company granted the underwriters a 30-day option to purchase approximately $3.1 million of additional shares of... Read More

TeraWulf Inc. (NASDAQ: WULF) ("TeraWulf" or the "Company"), which owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States , today announced that it is commencing an underwritten public offering of its common stock (the "Offering"). TeraWulf also expects to grant to the underwriter for the Offering a 30-day option to purchase up to an additional 15% of the number of shares of... Read More

TeraWulf Inc. (NASDAQ: WULF) ("TeraWulf" or the "Company"), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States , today announced its participation in the following upcoming investor events. March 28, 2022 : The Bank of America Crypto Miners Conference Paul Prager , Chief Executive Officer and chairman of the board of TeraWulf, and Nazar Khan , Chief... Read More

Expects Lake Mariner to have 4,000 Bitcoin Miners Operational by late April Anticipates Operations to Commence at Nautilus Cryptomine Facility during Third Quarter 2022 Expects to Achieve 23 Exahash Per Second, or 800 Megawatts ("MW"), of Mining Capacity Deployed by 2025 TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which was formed to own and operate fully integrated environmentally clean bitcoin mining... Read More

Investment by Existing Shareholders, New Directors and Company Leadership Reflect Continued Confidence in Mining Operations Ramp Company to Provide a Business Update on Thursday, March 17 at 5 p.m. ET TeraWulf Inc. (NASDAQ: WULF) ("TeraWulf" or the "Company"), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States , today announced that existing shareholders,... Read More

TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States , today announced the commencement of mining operations at its Lake Mariner facility in upstate New York using more than 90% zero-carbon energy. The Lake Mariner facility is expected to reach over 500 megawatts of capacity once complete. The... Read More

TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States , today announced the appointment of Michael Bucella to its Board of Directors, effective immediately. Michael Bucella brings technology and crypto experience to the Board of Directors and currently serves as a partner and the Global Head of... Read More

TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf"), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States , today announced it has appointed William "Sandy" Harrison as Vice President of Investor Relations, effective immediately. Mr. Harrison brings to TeraWulf... Read More

TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf") today announced the formation of the TeraWulf Charitable Foundation, a private, philanthropic organization focused on funding and participating in social health, environmental and sustainability programs. The Foundation's efforts will place a special emphasis on the protection of natural resources around the world while also expanding the opportunities for more people to enjoy and... Read More

TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf"), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States , today announced that it has entered into an agreement to purchase 15,000 S19 XP pro bitcoin mining machines from Bitmain Technologies Limited ("Bitmain"). The agreement with Bitmain provides for a monthly allotment of 2,500 units to be delivered from July to... Read More