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TeraWulf | 8-K: TeraWulf Reports First Quarter 2024 Financial Results

TeraWulf | 8-K: TeraWulf Reports First Quarter 2024 Financial Results

TeraWulf | 8-K:TeraWulf 公布 2024 年第一季度财务业绩
美股SEC公告 ·  05/14 04:15

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On May 13, 2024, TeraWulf Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol WULF, filed a Form 8-K report with the SEC, announcing its financial results for the first quarter ended March 30, 2024. The company reported a significant increase in revenue and gross profit, with Q1 2024 revenue growing 82.2% over the previous quarter to $42.4 million and gross profit (exclusive of depreciation) rising 95.3% to $28.0 million. TeraWulf also achieved a 95.4% increase in Non-GAAP Adjusted EBITDA, reaching $32.0 million. The company's operational highlights included mining 1,057 bitcoin, an 8.9% increase from Q4 2023, and a total installed hashrate of 8.0 EH/s. TeraWulf is on track to expand its hashrate to approximately 10.2 EH/s in Q3 2024 and plans to grow to around 13.3 EH/s by Q1 2025. The company also made significant debt repayments, totaling approximately $63.6 million in 2024, demonstrating the strength of its low-cost, profitable operations. TeraWulf's CEO, Paul Prager, highlighted the company's strategic focus on capital efficiency and sustainable growth, emphasizing their competitive edge in the industry.
On May 13, 2024, TeraWulf Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol WULF, filed a Form 8-K report with the SEC, announcing its financial results for the first quarter ended March 30, 2024. The company reported a significant increase in revenue and gross profit, with Q1 2024 revenue growing 82.2% over the previous quarter to $42.4 million and gross profit (exclusive of depreciation) rising 95.3% to $28.0 million. TeraWulf also achieved a 95.4% increase in Non-GAAP Adjusted EBITDA, reaching $32.0 million. The company's operational highlights included mining 1,057 bitcoin, an 8.9% increase from Q4 2023, and a total installed hashrate of 8.0 EH/s. TeraWulf is on track to expand its hashrate to approximately 10.2 EH/s in Q3 2024 and plans to grow to around 13.3 EH/s by Q1 2025. The company also made significant debt repayments, totaling approximately $63.6 million in 2024, demonstrating the strength of its low-cost, profitable operations. TeraWulf's CEO, Paul Prager, highlighted the company's strategic focus on capital efficiency and sustainable growth, emphasizing their competitive edge in the industry.
2024年5月13日,在纳斯达克资本市场上市的特拉华州注册公司TeraWulf Inc. 向美国证券交易委员会提交了8-K表报告,公布了截至2024年3月30日的第一季度财务业绩。该公司报告收入和毛利大幅增长,2024年第一季度收入比上一季度增长82.2%,达到4,240万美元,毛利(不包括折旧)增长95.3%,达到2,800万美元。TeraWulf还实现了非公认会计准则调整后息税折旧摊销前利润增长95.4%,达到3,200万美元。该公司的运营亮点包括开采1,057个比特币,比2023年第四季度增长8.9%,总装机哈希率为8.0 EH/s。TeraWulf有望在2024年第三季度将其哈希率扩大...展开全部
2024年5月13日,在纳斯达克资本市场上市的特拉华州注册公司TeraWulf Inc. 向美国证券交易委员会提交了8-K表报告,公布了截至2024年3月30日的第一季度财务业绩。该公司报告收入和毛利大幅增长,2024年第一季度收入比上一季度增长82.2%,达到4,240万美元,毛利(不包括折旧)增长95.3%,达到2,800万美元。TeraWulf还实现了非公认会计准则调整后息税折旧摊销前利润增长95.4%,达到3,200万美元。该公司的运营亮点包括开采1,057个比特币,比2023年第四季度增长8.9%,总装机哈希率为8.0 EH/s。TeraWulf有望在2024年第三季度将其哈希率扩大到约10.2 EH/s,并计划到2025年第一季度增长到13.3 EH/s左右。该公司还偿还了巨额债务,2024年总额约为6,360万美元,这表明了其低成本、盈利业务的实力。TeraWulf首席执行官保罗·普拉格强调了公司对资本效率和可持续增长的战略重点,强调了他们在行业中的竞争优势。
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