Demonstrates Continued Progress in Debt Reduction
EASTON, Md., April 08, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 95% zero-carbon energy, today announced it has repaid an additional $30.1 million of its Term Loan, thereby reducing the debt balance to $75.9 million.
Management Commentary
Patrick Fleury, Chief Financial Officer, remarked, "This $30 million payment follows our repayment of approximately $40 million over the past six months. And there is more to come."
Fleury also stated, "At today's approximate $70,000 bitcoin price, we expect our industry leading economics, resulting in a fully loaded cost to mine a bitcoin of just $37,000 post halving, to allow for continued rapid debt extinguishment. All of the inputs used to determine our cost to mine a bitcoin can be found on our recently updated cost-to-mine calculator on our website. As previously indicated, once we've settled our outstanding debt, we plan to allocate profits towards organic growth, potential dividends or share buybacks to benefit our shareholders."
顯示在減免債務方面持續取得進展
馬里蘭州伊斯頓,2024年4月8日(環球新聞專線)——擁有並運營垂直整合的比特幣採礦設施的TeraWulf Inc.(納斯達克股票代碼:WULF)(“TeraWulf” 或 “公司”)今天宣佈已額外償還了3,010萬美元的定期貸款,從而將債務餘額減少至7,590萬美元。
管理層評論
首席財務官帕特里克·弗勒裏表示:“這筆3000萬美元的款項是在我們在過去六個月中還款約4000萬美元之後支付的。而且還會有更多。”
弗勒裏還表示:“按照今天約7萬美元的比特幣價格,我們預計我們的經濟學處於行業領先地位,因此在減半後開採比特幣的滿負荷成本僅爲37,000美元,以便持續快速償還債務。用於確定我們開採比特幣成本的所有輸入都可以在我們網站上最近更新的開採成本計算器中找到。如前所述,一旦我們清償了未償債務,我們計劃將利潤分配給有機增長、潛在的分紅或股票回購,以使股東受益。”