Reports Strong Financial Performance, Reiterates Plan for Organic Growth and Continued Debt Reduction in 2024
Forecasts Industry-Leading Bitcoin Mining Unit Economics for 2024
Targets 300 MW of Infrastructure Capacity in Operation by Year-End 2024 and 550 MW in 2025
EASTON, Md., March 06, 2024 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 95% zero-carbon energy, today announced preliminary unaudited financial highlights for the fiscal year 2023 alongside projected financial metrics for 2024.
TeraWulf plans to release financial results for the fourth quarter and full year 2023 on or about Tuesday, March 19, 2024. The unaudited results in this press release are preliminary and subject to the completion of accounting and annual audit procedures and are therefore subject to adjustment.
Preliminary FY 2023 Financial Highlights (Unaudited)
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