WULF

TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO

Retrieved on: 
Thursday, February 2, 2023
Cryptocurrency, Blockchain, Professional Services, Digital Cash Management, Digital Assets, Technology, Bitcoin, Confusion, WULF, Perseverance, Development, Professional, Carbon, EH, OWN, HUGE, Sale, Mining, Bass Lake (Marin County, California), Renewable energy, Security (finance), Miner, Nautilus

It has been four weeks since I shared my reflections on TeraWulf’s achievements in 2022 and stated goals for 2023.

Key Points: 
  • It has been four weeks since I shared my reflections on TeraWulf’s achievements in 2022 and stated goals for 2023.
  • Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates.
  • I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf.
  • Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages.

Bitwise Announces Results of December 2022 Month-End Crypto Index Reconstitution

Retrieved on: 
Thursday, January 5, 2023
Finance, Cryptocurrency, Professional Services, Asset Management, NFT, Crypto, Bitcoin, Ethereum, Cardano, Litecoin, Maker, Loopring, Metaverse, Binance Coin, Electronic Arts, AVAX, GRT, LINK, NU, GREE, FIL, AR, Akamai Technologies, INTC, COMP, TTWO, NET, MKR, Advanced Micro Devices, AKAM, LRC, Vernacular, SOL, Moonbird, RBLX, NKE, HIVE, BAL, NVDA, Unity Technologies, META, CryptoPunks, NB2, MicroStrategy, ADA, Meta, Cboe Global Markets, CBOE, Bitwise operation, Intel, Convexity (finance), BTC, HUT, PayPal, LTC, ETH, SHOP, DOT, Indexing Service, RIOT, AAVE, CVX, PYPL, BNB, EQIX, MSTR, COIN, Roblox Corporation, AMD, WULF, UNI, LDO, CRV, Signature Bank, Cryptocurrency, Equinix, Clonazepam, Uniswap, Nvidia

Bitwise Index Services, the indexing subsidiary of Bitwise Asset Management , today announced the results of the monthly reconstitution of the Bitwise Crypto Indexes, which took place on December 30, 2022, at 4 p.m.

Key Points: 
  • Bitwise Index Services, the indexing subsidiary of Bitwise Asset Management , today announced the results of the monthly reconstitution of the Bitwise Crypto Indexes, which took place on December 30, 2022, at 4 p.m.
  • The Bitwise 10 Large Cap Crypto Index had no changes as a result of the December 30, 2022 reconstitution.
  • The Bitwise Decentralized Finance Crypto Index had no changes as a result of the December 30, 2022 reconstitution.
  • The Bitwise Crypto Indexes are reconstituted on a monthly basis according to the rules of the Bitwise Crypto Index Methodology as applied by the Bitwise Crypto Index Committee.

TeraWulf Significantly Increases Expected Q1 2023 Self-Mining Hash Rate at No Additional Cost and Announces Repayment of Certain Debt

Retrieved on: 
Monday, December 12, 2022
Residential Building & Real Estate, Construction & Property, REIT, Professional Services, Philanthropy, Other Philanthropy, Utilities, Cryptocurrency, Alternative Energy, Environment, Energy, Security (finance), Mining, YA, WULF, Risk, ESG, Sale, Employment, Economics, Solar energy, Advance, Prospectus, SEPA, Miner, Bass Lake (Marin County, California), S19, Cryptocurrency, Renewable energy, Bitmain, Bitcoin

By virtue of our cooperative working relationship with Bitmain, we have optimized our miner deliveries to significantly increase TeraWulfs self-mining hash rate target.

Key Points: 
  • By virtue of our cooperative working relationship with Bitmain, we have optimized our miner deliveries to significantly increase TeraWulfs self-mining hash rate target.
  • TeraWulf (Nasdaq: WULF) owns and operates vertically integrated environmentally clean bitcoin mining facilities in the United States.
  • TeraWulf generates domestically produced bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy.
  • 1 Assumes a total self-mining fleet hash rate of 5.0 EH/s, energy cost of $0.035/kWh, current network hash rate of 249 EH/s and total self-mining fleet load of approximately 137 MW.

TeraWulf Announces November 2022 Production and Operations Updates

Retrieved on: 
Monday, December 5, 2022
Professional Services, Utilities, Philanthropy, Nuclear, Mining, Minerals, Alternative Energy, Energy, Residential Building & Real Estate, Natural Resources, Construction & Property, Cryptocurrency, REIT, Other Philanthropy, Bitcoin, Security (finance), Mining, WULF, Risk, Talen Energy, Partnership, ESG, Shuswap Lake Marine Provincial Park, Employment, Economics, Solar energy, Miner, Cryptocurrency, Renewable energy

As of November 30, 2022, the Company operated approximately 17,500 Bitcoin miners with hash rate capacity of approximately 2.0 EH/s.

Key Points: 
  • As of November 30, 2022, the Company operated approximately 17,500 Bitcoin miners with hash rate capacity of approximately 2.0 EH/s.
  • November was another solid month for TeraWulf where we achieved an average operating hash rate of over 1.9 EH/s a more than 170% increase over Q3 2022 despite the ongoing market headwinds.
  • TeraWulf (Nasdaq: WULF) owns and operates vertically integrated environmentally clean bitcoin mining facilities in the United States.
  • TeraWulf generates domestically produced bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy.

TeraWulf Announces Third Quarter 2022 Results and Provides Operational Updates

Retrieved on: 
Monday, November 14, 2022
Professional Services, Utilities, Other Professional Services, Cryptocurrency, Energy, Nuclear, Administration, Solar energy, ESG, Bass Lake (Marin County, California), NYISO, Equity, WULF, Risk, Employment, Mining, Net, Economics, Miner, Security (finance), Income tax, Cryptocurrency, Renewable energy, Video game

Revenue in the third quarter of 2022 increased 179% to $3.9 million compared to $1.4 million the second quarter of 2022.

Key Points: 
  • Revenue in the third quarter of 2022 increased 179% to $3.9 million compared to $1.4 million the second quarter of 2022.
  • Cost of Operations in the third quarter of 2022 increased 40% to $12.1 million compared to $8.6 million in the second quarter of 2022.
  • Loss Before Income Tax and Equity in Net Loss of Investee for the third quarter of 2022 was $(20.6) million compared to $(12.0) million for the second quarter of 2022.
  • TeraWulf generates domestically produced bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy.

TeraWulf Increases Operating Capacity to >1.6 EH/s and Announces $17 Million of Incremental Capital

Retrieved on: 
Monday, October 10, 2022
Professional Services, Utilities, Philanthropy, Nuclear, Alternative Energy, Energy, Residential Building & Real Estate, Environment, Construction & Property, Cryptocurrency, REIT, Other Philanthropy, Bitcoin, U.S. Securities and Exchange Commission, Securities Act of 1933, SEC, Efficiency, Employment, ESG, Nautilus, Warrant, Security (finance), The Act, Partnership, Nasdaq, Private Securities Litigation Reform Act, Company, Mining, Exercise, Private placement, WULF, Solar energy, Industry, Economics, Exchange, Forward-looking statement, Bass Lake (Marin County, California), Risk, Oil, Renewable energy, Cryptocurrency

The Company also announced $17 million of new capital, comprised of an approximate $9.5 million non-brokered private placement of equity (the Private Placement) and $7.5 million of incremental proceeds under the Companys Term Loan.

Key Points: 
  • The Company also announced $17 million of new capital, comprised of an approximate $9.5 million non-brokered private placement of equity (the Private Placement) and $7.5 million of incremental proceeds under the Companys Term Loan.
  • TeraWulf today announced it has expanded its operating capacity to exceed 1.6 EH/s.
  • This follows the recent full energization of Building 1 (50 MW) at the Companys Lake Mariner facility in New York.
  • TeraWulf continues to target reaching a total of 5.8 EH/s of operational mining capacity across its two mining facilities in Q1 2023.

TeraWulf Announces Operation of Nearly 12,000 Miners at Its Lake Mariner Facility

Retrieved on: 
Monday, September 19, 2022
Environment, Technology, Finance, Other Technology, Professional Services, Alternative Energy, Sustainability, Energy, Cryptocurrency, Employment, ESG, Efficiency, Entrepreneurship, Nautilus, Alpine Lake (Marin County, California), Company, WULF, Economics, Private Securities Litigation Reform Act, COO, Industry, Mining, Solar energy, Forward-looking statement, U.S. Securities and Exchange Commission, Risk, S19, Nasdaq, Miner, Security (finance), SEC, Cryptocurrency, Renewable energy

Together with the Bitmain S19 XPs recently installed, TeraWulf now has owned hashing capacity in excess of 0.67 EH/s (5,471 miners) online plus approximately 0.65 EH/s (6,500 miners) of hosted hashing capacity for a total of over 1.3 EH/s operational at Lake Mariner.

Key Points: 
  • Together with the Bitmain S19 XPs recently installed, TeraWulf now has owned hashing capacity in excess of 0.67 EH/s (5,471 miners) online plus approximately 0.65 EH/s (6,500 miners) of hosted hashing capacity for a total of over 1.3 EH/s operational at Lake Mariner.
  • This represents just one of the many milestones we expect to achieve at our Lake Mariner Facility as we aggressively ramp our self-mining operations in the coming months.
  • The initial batch of Bitmain S19 XPs was installed in Building 1 of its Lake Mariner facility in New York, which has a total capacity of 50 MW of digital infrastructure.
  • And we continue to expand the suite of ancillary services that Lake Mariner can offer to the electric market.

TeraWulf Announces Amendments to its Nautilus Joint Venture Agreement with Talen Energy

Retrieved on: 
Wednesday, August 31, 2022
Environment, Technology, Finance, Utilities, Other Technology, Professional Services, Sustainability, Alternative Energy, Energy, Cryptocurrency, COO, Solar energy, Security (finance), Mining, CEO, WULF, Susquehanna station, Talen Energy, Ownership, Nautilus, Risk, Economics, Forward-looking statement, SEC, U.S. Securities and Exchange Commission, JV, Nuclear Data, Inc., Electricity, Bass Lake (Marin County, California), Employment, Miner, Nasdaq, Company, ESG, Private Securities Litigation Reform Act, CTO, Industry, Efficiency, Cryptocurrency, Renewable energy, Environment, Technology, Finance, Utilities, Other Technology, Professional Services, Sustainability, Alternative Energy, Energy, Cryptocurrency

Under the amended agreement, TeraWulf will retain a thirty-three percent (33%) ownership interest in the Nautilus JV.

Key Points: 
  • Under the amended agreement, TeraWulf will retain a thirty-three percent (33%) ownership interest in the Nautilus JV.
  • The Nautilus Cryptomine Facility is expected to be the first bitcoin mining facility site powered by 100% behind the meter zero-carbon nuclear energy.
  • TeraWulfs Co-Founder and CEO, Paul Prager, commented, The amendments to the Nautilus JV agreement enable TeraWulf to reduce our near-term capital obligations at the Nautilus Cryptomine Facility, while preserving opportunities for future capacity expansion.
  • TeraWulf generates domestically produced bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy.

TeraWulf Announces Second Quarter 2022 Results and Financial and Operational Updates

Retrieved on: 
Monday, August 15, 2022
Professional Services, Other Energy, Cryptocurrency, Other Construction & Property, Alternative Energy, Energy, Construction & Property, Online, Crypto, Bitcoin, U.S. Securities and Exchange Commission, Risk, NYISO, Industry, CEO, Forward-looking statement, Private Securities Litigation Reform Act, SEC, Investment, Solar energy, Sale, Miner, LLC, Bass Lake (Marin County, California), Achievement, Talen Energy, ESG, Chapter 11, Title 11, United States Code, Coal, Company, Contingent value rights, LP, WULF, Partnership, Nautilus, NASDAQ, Economics, United States bankruptcy court, Bankruptcy, Nasdaq, Employment, Security (finance), Time, Conference, 2, Efficiency, Mining, Cryptocurrency, Oil, Airline, Financial services, Renewable energy, Video game, Life insurance, Bitmain

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.

Key Points: 
  • 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.
  • In May 2022, welcomed Patrick Fleury as Chief Financial Officer, leveraging his deep experience in energy and power and decades of experience in principal investing and financial advisory.
  • During the three months ended June 30, 2022, TeraWulf generated $1.4 million of revenue compared to $0 during the same quarter a year ago.
  • Operating expenses in the second quarter of 2022 increased $980,000 compared to the same quarter a year ago, led by the expenses associated with a two-month miner lease agreement that expired in May 2022.

TeraWulf Announces Closing of Previously Announced $50 Million Add-On Loan Facility and Initial Delivery of 3,000 S19 XP Antminers from Bitmain

Retrieved on: 
Tuesday, July 5, 2022
Professional Services, Utilities, Philanthropy, Nuclear, Alternative Energy, Energy, Residential Building & Real Estate, Construction & Property, Cryptocurrency, REIT, Other Philanthropy, Environmental, Social and Governance (ESG), Efficiency, Miner, Solar energy, S19, ESG, Loan, Company, Industry, U.S. Securities and Exchange Commission, Forward-looking statement, Economics, Employment, Mining, Form, Partnership, Loan agreement, Security (finance), Private Securities Litigation Reform Act, Nasdaq, Alpine Lake (Marin County, California), WULF, SEC, Risk, Nautilus, Cryptocurrency, Oil, Bitmain, Bitmain

The Company intends to use net proceeds towards completing the datacenter infrastructure at its Lake Mariner facility in New York and Nautilus Cryptomine facility in Pennsylvania.

Key Points: 
  • The Company intends to use net proceeds towards completing the datacenter infrastructure at its Lake Mariner facility in New York and Nautilus Cryptomine facility in Pennsylvania.
  • In addition, the Company announced that it anticipates its initial batch of 3,000 S19 XP mining machines from the previously announced purchase agreements with Bitmain Technologies Limited (Bitmain) for its Lake Mariner Facility in New York will be operational in August.
  • The high-performance and low power consumption of the S19 XP miners should significantly benefit TeraWulfs sustainable and low-cost mining business.
  • We are confident in the Companys vertically integrated business model as we continue to expand our long-term partnership with TeraWulf.