TeraWulf stock surges over 20% after highighting low-cost status, debt repayment [Seeking Alpha]
TeraWulf Inc. (WULF)
Company Research
Source: Seeking Alpha
During its earnings call, management underscored its low-cost production. "We estimate that our cost to mine a bitcoin is among the lowest compared to other publicly-listed bitcoin mining companies at approximately $25,000 per bitcoin before the halving and $37,000 after the halving," said Chairman and CEO Paul Prager. "As the halving approaches in a month's time, we anticipate that our position as the lowest-cost producer of bitcoin will only be further strengthened, underscoring the value of our vertically integrated and sustainable business model." Furthermore, TeraWulf ( WULF ) has made significant progress in debt reduction and liquidity. It has repaid $40M of principal in the last four months, bringing its debt balance to $106M. "With liquidity of almost $56M as at the end of February and substantial projected free cash flow for the first quarter, we have the ability to reduce debt even further with an anticipated debt paydown of roughly $30M in early April, which will bring
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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