TeraWulf Announces Continued Industry-Leading Cash Production and $30 Million Debt Repayment
TeraWulf Inc. (WULF)
Company Research
Source: GlobeNewswire
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, remarked, “This $30 million payment follows our repayment of approximately $40 million over the past six months. And there is more to come." Fleury also stated, “At today's approximate $70,000 bitcoin price, we expect our industry leading economics, resulting in a fully loaded cost to mine a bitcoin of just $37,000 post halving, to allow for continued rapid debt extinguishment. All of the inputs used to determine our cost to mine a bitcoin can be found on our recently updated cost-to-mine calculator on our website. As previously indicated, once we've settled our
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News
- Why Marathon Digital, CleanSpark, and TeraWulf Are Heading to the Moon Today [Yahoo! Finance]Yahoo! Finance
- TeraWulf Announces April 2024 Production and Operations Update [Yahoo! Finance]Yahoo! Finance
- TeraWulf Announces April 2024 Production and Operations UpdateGlobeNewswire
- TeraWulf Schedules Conference Call for First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- TeraWulf Schedules Conference Call for First Quarter 2024 Financial ResultsGlobeNewswire
WULF
Earnings
- 11/13/23 - Miss
WULF
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 8-K
- 4/17/24 - Form 8-K
- WULF's page on the SEC website