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TeraWulf | 10-Q: Q2 2024 Earnings Report

TeraWulf | 10-Q: Q2 2024 Earnings Report

TeraWulf | 10-Q:2024财年二季报
美股SEC公告 ·  08/13 14:46
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TeraWulf Inc., a leading digital asset technology firm specializing in sustainable bitcoin mining, has reported its financial performance and business developments for the quarter ending June 30, 2024. The company's revenue primarily comes from bitcoin mining at its sustainable mining facilities, supplemented by miner hosting services. TeraWulf's mining operations are powered by predominantly clean energy, with a focus on zero-carbon sources. In 2024, TeraWulf established WULF Compute, an innovation center aimed at diversifying revenue through high-performance computing initiatives. The company's mining facilities, Lake Mariner and Nautilus Cryptomine, are powered by zero-carbon energy, with a combined operating capacity of 8.8 EH/s and approximately 71,700 miners deployed. TeraWulf plans to expand its Nautilus Cryptomine Facility by an additional 50 MW in...Show More
TeraWulf Inc., a leading digital asset technology firm specializing in sustainable bitcoin mining, has reported its financial performance and business developments for the quarter ending June 30, 2024. The company's revenue primarily comes from bitcoin mining at its sustainable mining facilities, supplemented by miner hosting services. TeraWulf's mining operations are powered by predominantly clean energy, with a focus on zero-carbon sources. In 2024, TeraWulf established WULF Compute, an innovation center aimed at diversifying revenue through high-performance computing initiatives. The company's mining facilities, Lake Mariner and Nautilus Cryptomine, are powered by zero-carbon energy, with a combined operating capacity of 8.8 EH/s and approximately 71,700 miners deployed. TeraWulf plans to expand its Nautilus Cryptomine Facility by an additional 50 MW in 2025. Financially, TeraWulf has seen an increase in revenue and cost of revenue due to expanded mining capacity and higher bitcoin prices, partially offset by the impact of the bitcoin reward halving in April 2024. The company's operating expenses have increased due to higher property insurance and miner repair costs. TeraWulf has also repaid the remaining balance of its Term Loans and recorded a loss on extinguishment of debt. Looking forward, TeraWulf aims to continue increasing mining capacity and complete the construction of additional infrastructure at its Lake Mariner Facility.
TeraWulf Inc.是领先的数字资产科技公司,专门从事可持续比特币挖掘。该公司报告了2024年6月30日结束的季度的财务表现和业务发展情况。公司的营业收入主要来自可持续矿场的比特币挖掘,辅以矿工托管服务。TeraWulf的挖掘运营主要由清洁能源驱动,侧重于零碳源。2024年,TeraWulf成立了WULF Compute,一个旨在通过高性能计算举措实现收入多元化的创新中心。公司的矿场Lake Mariner和Nautilus Cryptomine由零碳能源驱动,拥有合计8.8 EH/s的运行能力和约71,700台矿工,TeraWulf计划于2025年将Nautilus Cryptomin...展开全部
TeraWulf Inc.是领先的数字资产科技公司,专门从事可持续比特币挖掘。该公司报告了2024年6月30日结束的季度的财务表现和业务发展情况。公司的营业收入主要来自可持续矿场的比特币挖掘,辅以矿工托管服务。TeraWulf的挖掘运营主要由清洁能源驱动,侧重于零碳源。2024年,TeraWulf成立了WULF Compute,一个旨在通过高性能计算举措实现收入多元化的创新中心。公司的矿场Lake Mariner和Nautilus Cryptomine由零碳能源驱动,拥有合计8.8 EH/s的运行能力和约71,700台矿工,TeraWulf计划于2025年将Nautilus Cryptomine Facility扩大50 MW。从财务角度来看,由于扩展了采矿能力并提高了比特币价格,TeraWulf的收入和收入成本都有所增加,但部分抵消了2024年4月比特币奖励减半的影响。公司的营业费用增加是由于财产保险费用和矿工维修成本增加。TeraWulf也偿还了其贷款余额,并在还款损失方面记录了损失。展望未来,TeraWulf的目标是继续增加采矿能力并完成Lake Mariner Facility的额外基础设施建设。
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