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TeraWulf Inc ( (WULF) ) has issued an update.
TeraWulf Inc. reported a 42.8% revenue increase in Q3 2024, driven by a 100% boost in self-mining capacity to 10.0 EH/s. Despite a 43.4% drop in self-mined bitcoin, the company strategically sold its Nautilus JV interest, expanded its Lake Mariner facility, and launched a $200 million share buyback program. With a successful $500 million capital raise and operational advancements in high-performance computing, TeraWulf is well-positioned for growth, maintaining strong shareholder value as it heads into 2025.
See more data about WULF stock on TipRanks’ Stock Analysis page.
