Summary by Moomoo AI
On March 19, 2024, TeraWulf Inc., a company specializing in environmentally clean bitcoin mining, reported its financial results for the fourth quarter and full year ended December 31, 2023. The company, which is listed on the Nasdaq under the symbol WULF, announced significant growth in revenue and bitcoin production, with annual revenue increasing by 360% and self-mined bitcoin increasing by 550% to 3,407. TeraWulf also reported a realized cost of power at 3.2 cents per kilowatt-hour, outperforming its guidance of 3.5 cents. The company's self-mining operating capacity reached 8 EH/s, quadrupling since the beginning of 2023. As of February 29, 2024, TeraWulf held $49 million in cash and bitcoin holdings. The company's Chief Executive Officer, Paul Prager, highlighted the company's progress towards financial and operational objectives, including...Show More