TeraWulf Announces $22 Million Debt Repayment and Increase in Self-Mining Capacity
TeraWulf Inc. (WULF)
Company Research
Source: GlobeNewswire
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 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 it has surpassed a total self-mining hashrate of 7.6 EH/s and has repaid an additional $22 million of its Term Loan, thereby extending the cash flow sweep to maturity. Recent Operational and Financial Achievements Total self-mining hashrate reached 7.6 EH/s as of mid-February, with the Company projecting an increase to 8 EH/s by
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WULF
News
- Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says [Yahoo! Finance]Yahoo! Finance
- Bitcoin miners TeraWulf, Bitdeer snag Buy ratings from Rosenblatt [Seeking Alpha]Seeking Alpha
- TeraWulf Inc. (NASDAQ: WULF) is now covered by analysts at Rosenblatt Securities. They set a "buy" rating and a $4.20 price target on the stock.MarketBeat
- TeraWulf Announces Continued Industry-Leading Cash Production and $30 Million Debt RepaymentGlobeNewswire
- TeraWulf Inc. (NASDAQ: WULF) had its price target lowered by analysts at B. Riley from $4.00 to $3.00. They now have a "buy" rating on the stock.MarketBeat
WULF
Earnings
- 11/13/23 - Miss
WULF
Sec Filings
- 4/17/24 - Form 8-K
- 4/8/24 - Form 8-K
- 4/5/24 - Form DEFA14A
- WULF's page on the SEC website