TeraWulf reports FY2024 revenue up 102% to $140.1M; HPC hosting deals expected $1B cumulative revenue

TERAWULF INC.

2024-FY EPS reported -$0.21 revenue$140,051,000

Full year 2024 revenue $140.1M (+102% YoY); non-GAAP adjusted EBITDA $60.4M (+89% YoY).
Self-mining hash rate expanded to 9.7 EH/s at year-end, up 94% from 5.0 EH/s.
Signed long-term HPC hosting lease with Core42 for 72.5 MW at Lake Mariner; option for additional 135 MW.
Issued $500M 2.75% convertible notes due 2030; repaid legacy term loan.
Authorized $200M share buyback; executed over $150M in repurchases to date.

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