secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001083301-25-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000108330125000013/0001083301-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000108330125000013/wulf-20250228.htm
  HTML page:      https://secwatch.observer/filing/0001083301-25-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer