Earnings Call Summary | TeraWulf(WULF.US) Q1 2024 Earnings Conference
Earnings Call Summary | TeraWulf(WULF.US) Q1 2024 Earnings Conference
The following is a summary of the TeraWulf Inc. (WULF) Q1 2024 Earnings Call Transcript:
以下是TeraWulf Inc.（WULF）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
TeraWulf announced GAAP gross margin of 66% (increased to 71% inclusive of [Dauntless]) and non-GAAP adjusted EBITDA of $32 million in Q1 2024.
TeraWulf mined 1051 Bitcoin, a 10% increase from the last quarter- GAAP revenues of $42.4 million show an 82% growth quarter-over-quarter.
Cost of revenue for Q1 was $14.4 million, a 61% increase from the previous quarter.
Gross profit saw an increase of 95% from Q4 2023 to $28 million in Q1 2024
Operating expenses remained stable at $1.7 million while SG&A expenses increased to $14.9 million due mainly to $6.2 million of stock-based compensation expense incurred in Q1.
GAAP net loss was slightly less than that of the previous quarter, being recorded at $9.9 million
Non-GAAP adjusted EBITDA for Q1 was $32 million, a 95% improvement over Q4 2023.
TeraWulf宣佈，2024年第一季度GAAP毛利率爲66％（包括 [Dauntless] 在內提高至71％），非公認會計准則調整後的息稅折舊攤銷前利潤爲3200萬美元。
TeraWulf開採了1051枚比特幣，比上個季度增長了10％——GAAP收入爲4,240萬美元，同比增長82％。
第一季度的收入成本爲1440萬美元，比上一季度增長61％。
毛利較2023年第四季度增長了95％，達到2024年第一季度的2,800萬美元
運營支出穩定在170萬美元，而銷售和收購支出增加到1,490萬美元，這主要是由於第一季度產生的620萬美元的股票薪酬支出。
GAAP淨虧損略低於上一季度，爲990萬美元
第一季度非公認會計准則調整後的息稅折舊攤銷前利潤爲3200萬美元，比2023年第四季度增長了95％。
Business Progress:
業務進展：
TeraWulf intends to focus on expanding their facilities, aiming for a 300-megawatt infrastructure capacity by year-end 2024, with a long-term goal to expand to 600 megawatts in 2025.
A new miner purchase agreement with Bitmain has been secured for S21 and S21 Pro miners, aligning with expansion objectives.
Within the company's AI division, a two-megawatt pilot and 10-megawatt building are underway.
Future business ventures include growing their high-speed compute division and further Bitcoin mining activities.
Debt management will be prioritized through the free cash flow in 2024.
The team will continue prioritizing partnerships that support their green initiatives.
Deployment of capital will require 45-50 million in the next 6-7 months, placing great emphasis on using equity prudently to grow.
Lastly, the promotion of the company to both institutions and private investors is part of their future endeavors, with a focus on maximizing profit through the appreciation of their shares.
TeraWulf打算專注於擴建其設施，目標是到2024年底實現300兆瓦的基礎設施容量，長期目標是到2025年擴大到600兆瓦。
S21和S21 Pro礦工與比特大陸簽訂了新的礦機購買協議，該協議符合擴張目標。
該公司的人工智能部門正在建設一座兩兆瓦的試點項目和一座10兆瓦的建築。
未來的商業活動包括髮展其高速計算部門和進一步的比特幣採礦活動。
2024年，將通過自由現金流優先考慮債務管理。
該團隊將繼續優先考慮支持其綠色計劃的合作伙伴關係。
在接下來的6-7個月中，資本的部署將需要4,500萬至5000萬英鎊，其中非常重視謹慎地使用股權來實現增長。
最後，向機構和私人投資者推廣公司是他們未來努力的一部分，重點是通過股票升值來實現利潤最大化。
More details: TeraWulf IR
更多詳情： TeraWulf 紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。