TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc. is based in Easton, Maryland.

TeraWulf Inc.

Core Scientific, Inc. operates facilities for digital asset mining and colocation services in North America. It provides blockchain infrastructure, software solutions, and services. The company mines digital assets for its own account and provides hosting colocation services for other large-scale miners. It operates in two segments, Equipment Sales and Hosting. The company owns and operates computer equipment that is used to process transactions conducted on one or more blockchain networks in exchange for transaction processing fees rewarded in digital currency assets, commonly referred to as mining; and datacenter facilities to provide colocation and hosting services for distributed ledger technology, also commonly known as blockchain. It also develops blockchain-based platforms and applications, including infrastructure management, security technologies, mining optimization, and recordkeeping. The company is headquartered in Austin, Texas. On December 21, 2022, Core Scientific, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.

Mike Levitt

Darin Feinstein

Core Scientific, Inc.

CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. It operates in two segments, Digital Currency Mining and Energy. The Digital Currency Mining segment engages in mining of bitcoin. The energy segment provides engineering, design and software, custom hardware, open automated demand response, solar, and energy storage solutions for microgrids and distributed energy systems to military, commercial, and residential customers; and develops platforms that enables designing, building, operating, and managing of energy assets. This segment also offers microgrid energy modeling, energy market communications, and energy management solutions comprising mPulse and mVoult, which are control platforms that enables integration and optimization of multiple energy sources; Canvas, a middleware for grid operators and aggregators to administrate load shifting programs; Plaid, a middleware for controls and Internet-of-Things products companies to participate in load shifting programs; and mVSO, an energy modeling software for internal microgrid design, as well as owns gasification energy technologies for various applications, such as feedstock for the generation of di-methyl ether. In addition, it provides design, software development, and other technology-based consulting services; data center services, including rack space, power, and equipment; and various cloud services, such as virtual, virtual storage, and data backup services. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

CleanSpark, Inc.

Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments. As of December 31, 2021, it operated approximately 30,907 miners. Riot Blockchain, Inc. was incorporated in 2000 and is headquartered in Castle Rock, Colorado.

Riot Blockchain, Inc.

TeraWulf operates in the bitcoin mining industry focusing on zero-carbon energy sources. It specializes in digital infrastructure that supports energy transition through its mining operations and applications in AI and high-performance computing (HPC).

TeraWulf

TeraWulf | 3,767 followers on LinkedIn. Energy experts leading the energy transition through #ZeroCarbon #BitcoinMining and #AI #HPC operations 🐺⛏ | As the world’s first ESG-dedicated crypto mining company, TeraWulf is driven by one goal - perfecting green energy Bitcoin mining. With a vision of sustainability in mind, TeraWulf uses more than 91 percent zero-carbon energy to produce Bitcoin at its mining facilities across the U.S. 

TeraWulf’s revolutionary paradigm for energy-efficient crypto mining is led by a team of accomplished energy industry entrepreneurs with more than 15 years of experience.

Patrick Fleury

James (Jim) Notaris, CPA, Esq.

Chief Legal Officer at TeraWulf

Stefanie C Fleischmann

Retired Former Global Head of Broking - FINEX | Corp. Risk & Broking, EVP

Steven Pincus

Watch the replay of this year's AIM Summit panel, "Energy Frontiers: Bitcoin Mining, AI and the Future of Power," with TeraWulf 's Nazar Khan - available now at the link below 👇

We're proud to have served as Sole Bookrunner for TeraWulf 's $500 million convertible senior notes offering. Congratulations to Paul B. Prager , Kerri Langlais , Patrick Fleury , Stefanie C Fleischmann , John Larkin and the entire TeraWulf team. Thank you to the team at DLA Piper ( Stephen P. Alicanti , Drew Valentine ) who acted as underwriters counsel on the transaction and the team at Paul, Weiss, Rifkind, Wharton & Garrison LLP ( David Huntington ) who acted as issuer counsel. Congratulations to the Cantor deal team! Andrew Apthorpe Cole Bader Peter Karl Brian O'Shea Shalin Patel Jeremy Singh Zen Yang Dylan Chan

Cantor Fitzgerald

#WULF 's strategy at its core is to find where our expertise and assets meet innovation and value creation. In the early stages of or business, that was strictly #BitcoinMining . Now, we are working diligently to expand into #AI and other forms of high performance compute in order to make the most of TeraWulf's strengths while simultaneously maximizing value for our shareholders. Our focus on quality ensures we get it right the FIRST time which will prove invaluable in our future results 🐺 Kerri Langlais Sean Farrell Patrick Fleury Jason Assad Michael Bucella Chloe Turnbull

AI Operators are following this #BitcoinMining theme 👉 Given the scale of power that #AI and other forms of #HPC demand these days, AI operators have found that the solution lies in locating their operations where the power exists and using fiber lines to disseminate that computational load to where it is needed. Bitcoin mining plays upon this theme naturally, in that it doesn’t matter where you’re mining – the value is location-agnostic and functions globally – making the priority factors in locating your operations 1) low-cost power (to maximize profitability) and 2) abundant resources (so that you minimize the strain on the surrounding #EnergyGrid ). #bitcoin #bitcoinmining #bitcoinminers #bitcoinminingstocks #businessstrategy #bitcoinentrepreneurs #WULF #energytransition #energyevolution #ai #hpc Kerri Langlais Sean Farrell Patrick Fleury Jason Assad Michael Bucella Chloe Turnbull

Welcoming #WULF 's newest team member, John Larkin, as SVP, Director of Investor Relations 🐺 A note from our CEO, Paul B. Prager : “John’s extensive experience in financial strategy and investor engagement will be critical as TeraWulf continues to scale and execute our growth plans. His deep expertise in capital markets will bolster our relationships with institutional investors and sharpen the communication of our financial performance and strategic milestones.” A note from John Larkin: “I’m thrilled to join TeraWulf during such an exciting and transformative period for the Company. With its forward-thinking approach to sustainable digital infrastructure and rapid growth, TeraWulf is uniquely positioned to capture increased attention from the investment community. I look forward to driving investor engagement and contributing to the Company’s long-term success.” Full bio available at the link below: https://lnkd.in/eg9GEvHQ

TeraWulf is run by a team of energy infrastructure entrepreneurs with decades of experience in the sector. #BitcoinMining was the first evolution of our pre-existing skillset and ultimately the genesis of #WULF . We are continuously expanding on the foundation of energy and energy infrastructure, looking for ways to meld our expertise with the evolving landscape of technology and energy, and pursuing opportunities that maximize value for both us and our s/h in the long-term. #bitcoin #bitcoinminers #bitcoinminingstocks #businessstrategy #bitcoinentrepreneurs #energytransition #energyevolution Kerri Langlais Sean Farrell Patrick Fleury Jason Assad Michael Bucella Chloe Turnbull

#WULF 's expertise is energy and energy infrastructure. Moving forward in the high compute world, we believe the most value creation for us and our s/h lies in providing the infrastructure - the power, rack space, and security - to support #AI & #HPC operations while partnering with a customer that owns and specializes in the hardware. Learn more about our take and plans for WULF Compute in the link below - and huge shoutout and thanks to the Messari team for giving us this recording of "Big Crypto Energy" from #Mainnet2024 to share with our audience 👇 https://lnkd.in/eGVJkjTS

Our CEO Paul B. Prager explains the details of the recent Nautilus transaction and the strategy behind it at Bitcoin Amsterdam. TLDL: 👉 Improved operating costs 👉 Upgraded fleet efficiency 👉 3.4x return on investment Our commitment is to operational efficiency, cost management, and long-term s/h value - and we believe monetizing our share in the Nautilus joint venture paves the best path forward for #WULF to accomplish this 🐺 Kerri Langlais Sean Farrell Patrick Fleury Jason Assad Michael Bucella Chloe Turnbull

A huge thank you to everyone who made Crypto Finance Forum #NYC a roaring success! It's an honor to host the best and brightest CFOs, controllers, regulators, and technologists who are shaping the future of digital assets. A special shoutout to our speakers: Jeremy Fox-Geen from Circle , Andrew Kang from MicroStrategy , Nick Cappiello from the FASB, Rob Loban from Gemini , Justin Wong, CFA from Uniswap Labs , Salman Khan from MARA , Teddy Fusaro from Bitwise Asset Management , Jon Bilich from Ripple , David Byrd from EY , Neil DeSilva , Former CFO at Paypal, Patrick Fleury from TeraWulf , Renae Cormier from Semler Scientific® , JM Mognetti from CoinShares . Also a huge shout out to our close partners and sponsors Adam Sporn from BitGo , jason Bui from KPMG , and Marissa Scicchitano, CPA from Wolf & Company, P.C. Here are some pictures - full videos coming soon!

Cryptio

#WULF sits at the intersection of energy infrastructure and data 🤝 For the last few years, we have been focused on building, growing, and optimizing our #bitcoinmining operations - just one form of high compute capacity. Now, we're taking what we've learned as #bitcoinminers and transferring our core strategy, refinement process, and operational expertise to developing the best infrastructure possible for #AI & #HPC 🐺 Kerri Langlais Paul B. Prager Patrick Fleury Sean Farrell Stefanie C Fleischmann Chloe Turnbull Jason Assad #bitcoinmining #bitcoinminingstocks #businessstrategy #bitcoinentrepreneurs #WULF #energytransition #energyevolution

Metric
Company Name	TeraWulf Inc.	Core Scientific, Inc.	CleanSpark, Inc.	Riot Blockchain, Inc.
Symbol	WULF	CORZ	CLSK	RIOT
MSH ID	COM:TERAWULF	COM:CORESCIENTIFIC	COM:CLEANSPARK	COM:RIOTPLATFORMS
Market	STOCKS	STOCKS	STOCKS	STOCKS
Sector	Financial Services	Technology	Technology	Technology
Industry	Financial - Capital Markets	Software - Infrastructure	Software - Application	Software - Application
Country	US	US	US	US
Stage
Employee Count	10	286	130	534
Website	terawulf.com	corescientific.com	cleanspark.com	riotblockchain.com
LinkedIn	terawulf	corescientific	cleanspark-inc	riot-platforms
Founders

Metric
Market Cap	1.63B	1.74B	3.46B	2.65B
Enterprise Value
Monthly Web Traffic	10.44K			38.97K
Web Traffic Growth	0.18			-0.40
Valuation
Raised Capital

Metric
Revenue	69.23M	502.40M	168.41M	280.68M
Revenue (LTM)
Revenue (NTM)
Gross Profit	41.91M	75.24M	29.11M	26.34M
EBITDA	-73.29M	111.79M	-2.09M	-194.88M
Operating Income	-73.29M	15.35M	-131.04M	-63.05M
Net Income	-74.50M	-246.49M	-136.59M	-49.47M
EPS	-0.00	-0.65	-1.33	-0.00
Diluted EPS	-0.00	-0.65	-1.33	-0.00
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.57	0.30	0.43	0.38
Operating Profit Margin	-0.28	0.12	-0.10	0.69
EBITDA Margin	-1.06	0.22	-0.01	-0.69
Net Profit Margin	-0.42	-0.06	0.22	0.76
Return on Equity	-0.19	1.37	0.07	0.13
Return on Assets	-0.11	-0.04	0.04	0.08
Return on Capital Employed	-0.09	0.10	-0.02	0.08

COM:TERAWULF

TeraWulf

Last Close

6.99

22/11 21:00

Market Cap

1.63B

Beta: -

Volume Today

43.79K

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-3.97	-64.05	-5.84	-6.61
P/B Ratio	2.25	-7.12	1.18	1.40
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	19.85	5.97	18.34	12.43
EV Multiple	395.81	15.92	63.77	143.75

Metric
Days Sales Outstanding	17.90	1.50	0.01	49.03
Days Payables Outstanding	299.60	15.06	210.34	13.10
Days Inventory Outstanding	36.40	0.00	2.19	44.56
Operating Cycle	54.31	3.47	51.49	96.66
Cash Conversion Cycle	-29.17	-4.20	-27.38	63.43
Asset Turnover	0.25	0.76	0.25	0.14

Metric
Operating Cash Flow	4.16M	65.11M	-30.39M	33.09M
Free Cash Flow	4.16M	48.95M	-332.70M	-391.05M
Cash Flow to Debt	0.73	0.12	4.64	1.55
Operating Cash Flow/Sales	0.44	0.12	0.21	0.12
Free Cash Flow Yield	-0.16	0.01	-0.22	-0.13

Metric
Cash & Equivalents	54.44M	69.71M	29.21M	597.17M
Accounts Receivable		-744K	-108K
Inventory			809K	31.05M
Goodwill			8.04M
Debt to Capitalization	0.45	2.19	0.02	0.01
Debt to Assets	0.40	0.72	0.02	0.02
Current Ratio	0.12	1.04	1.38	7.22
Quick Ratio	1.20	1.58	12.48	8.47

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.08	0.08	0.14	0.12
R&D to Revenue		0.01
SG&A to Revenue		0.15	0.34