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TeraWulf Inc. reported significant financial growth in the second quarter of 2024, with a 130.2% year-over-year increase in revenue, reaching $35.6 million. The company also achieved a gross profit of $21.7 million, excluding depreciation, and a Non-GAAP Adjusted EBITDA of $19.5 million. Despite a more than 20% decline in crypto production, TeraWulf managed to narrow its losses, contributing to a 5.9% increase in its stock price in pre-market trading.
Interesting changes in the $WULF 10-Q out this morning. See: “Predominantly” and “Targeting.” Reminder: New York Power Authority told us “none of the power” it provides TeraWulf “can be claimed as renewable power.” https://t.co/zysTDPNVsY https://t.co/KpN3rDObHx
Crypto and energy consumption has been a hot topic for a while. Read our latest article on @TheStreet to gain some perspective on where we were and how far we've come. $BTC $ETH @WOLF_Financial https://t.co/YbBC1WTqVU
TeraWulf Inc. $WULF Q2 2024 EARNINGS CALL SUMMARY https://t.co/idHd4P3SXX
