Terawulf - A New Paradigm in Cryptomining And One Of The Fastest Growing Crypto Miners
πππTerawulf $TeraWulf Inc.(WULF)$
Terawulf represents a new paradigm for Cryptomining. It mines Bitcoin by using more than 90% zero carbon energy. Its goal is that every kilowatt hour of energy it consumes is derived from a zero carbon energy source.
Terawulf uses nuclear energy, hydro electric power and solar to mine Bitcoins. It plans to reach 100% zero carbon emissions by 2030. Terawulf is actively expanding its operational capacity, achieving 81.8% year over year growth as of September 30 2024. Its mining facilities at Lake Mariner currently operates at 195 MW, with potential expansion to 500 MW.
In addition to that, Terawulf is investing in High Performance Computing (HPC) and AI Data Centers which aligns with the industry trend towards diversification. It has 2 projects in place - CB 1 Building at Lake Mariner scheduled for completion in Q1 25 and another project CB 2 Facility to be ready by Q2 25.
Terawulf's financial standing is a key aspect of its appeal. According to its latest 10-Q filings and press releases, Terawulf reported a non GAAP adjusted EBITDA of USD 19.5 million for Q2 24 with USD 104.1 million in cash and cash equivalent. This excludes USD 0.9 million in Bitcoin. Terawulf has announced the early repayment of its final USD 77.5 million debt instalment on July 9, resulting in Zero outstanding debt.
In contrast, 4 of the 10 largest public Bitcoin Miners reported negative EBITDA in Q2 24, ranging from negative USD 3 million to negative USD 85.1 million. Terawulf has outperformed its competitors with the highest adjusted EBITDA among these top 10 companies. Its debt free status and cash positions provide greater financial flexibility for scaling operations and investing in infrastructure.
Wall Street Analysts are bullish on TeraWulf with a Buy rating, Target price ranging from USD 10.00 to USD 5.00.
I have just started to invest in Terawulf in September and in that short time frame, has seen its explosive jump in share price. I am bullish on TeraWulf as I believe that it will hit USD 10 soon especially if Donald Trump wins the US Presidential Election.
I like Terawulf for its clean energy laser focus and excellent management team. Best of all Terawulf has the potential to be a multi bagger soon.
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Bitcoin soars to two year high- WULF crashes 10 percent since noon yesterday. Whaaaaaat??