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TeraWulf Inc (WULF)
NASDAQ:WULF
Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -52.17%
|Next Earnings Date:Feb 28, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strategic achievements and financial challenges. While the company made significant strategic moves, such as selling its Nautilus stake and securing a new lease at Lake Mariner, it faced financial setbacks including decreased revenue and increased net losses. The focus on future growth and operational efficiency is promising, but current financial results are concerning.Company Guidance
During the TeraWulf Q3 2024 earnings call, the company provided an optimistic outlook with several key metrics and strategic decisions highlighted. TeraWulf reported self-mining 442 bitcoin at Lake Mariner and a total of 555 bitcoin when including their share from Nautilus, despite a 21% decrease compared to the previous quarter. They sold their 25% stake in the Nautilus Cryptomine joint venture for $92 million, realizing a 3.4x return on investment. Financially, TeraWulf's GAAP revenues fell by 24% to $27.1 million, while their non-GAAP adjusted EBITDA was $6.0 million. The company successfully raised $500 million through a convertible bond offering, which was oversubscribed, and announced a $200 million stock buyback program, repurchasing $115 million worth of shares. Their cost to mine remained low at approximately $54,000 per bitcoin, maintaining their position as one of the industry's lowest-cost producers. Looking forward, TeraWulf anticipates a pivotal year in 2025, driven by their focus on high-power compute (HPC) hosting, where they completed a 2.5-megawatt project and are on schedule with 20 MW and 50 MW data centers for early next year.Strategic Sale of Nautilus Stake
Sold 25% stake in Nautilus Cryptomine joint venture to Talen Energy for $92 million, resulting in a 3.4x return on investment.
Long-term Ground Lease at Lake Mariner
Secured a long-term ground lease at Lake Mariner, increasing total acreage by nearly 50% from 107 to 157 acres without additional cost per acre.
Convertible Bond Offering and Capital Raise
Raised $500 million through an oversubscribed convertible bond offering, providing flexibility to invest in bitcoin mining operations and HPC initiatives.
Stock Buyback Program
Board approved a $200 million stock buyback program, with $115 million worth of shares already repurchased.
Operational Efficiency
Cost to mine approximately $54,000 per bitcoin, maintaining status as one of the industry's lowest cost producers.
HPC Facilities Progress
Completed construction of a 2.5-megawatt proof-of-concept project, with further data centers scheduled for completion in Q1 and Q2 of next year.
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WULF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WULF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $8.53 | $7.34 | -13.95% |
| Aug 12, 2024 | $3.57 | $3.31 | -7.28% |
| May 13, 2024 | $2.24 | $2.04 | -8.93% |
| Mar 19, 2024 | $1.72 | $2.33 | +35.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TeraWulf Inc (WULF) report earnings?
TeraWulf Inc (WULF) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is TeraWulf Inc (WULF) earnings time?
TeraWulf Inc (WULF) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WULF EPS forecast?
WULF EPS forecast for the fiscal quarter 2024 (Q4) is -0.03.
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