Posted 4/8/2024, 12:00:00 PM
Terawulf Pays Down More Debt and Eyes Growth with Industry-Leading Bitcoin Mining Costs
- Terawulf repaid an additional $30.1 million of its Term Loan, reducing the debt balance to $75.9 million
- With bitcoin at $70,000, Terawulf expects to have an industry leading cost to mine each bitcoin of $37,000
- Once debt is settled, Terawulf plans to allocate profits to organic growth, dividends, or share buybacks
- Terawulf owns and operates two Bitcoin mining facilities in the U.S. powered by 95% zero-carbon energy
- The company demonstrated continued progress in debt reduction
