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年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
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宣布，2024年第一季度GAAP毛利率为66％（包括 [Dauntless] 在内提高至71％），非公认会计准则调整后的息税折旧摊销前利润为3200万美元。
TeraWulf开采了1051枚比特币，比上个季度增长了10％——GAAP收入为4,240万美元，同比增长82％。
第一季度的收入成本为1440万美元，比上一季度增长61％。
毛利较2023年第四季度增长了95％，达到2024年第一季度的2,800万美元
运营支出稳定在170万美元，而销售和收购支出增加到1,490万美元，这主要是由于第一季度产生的620万美元的股票薪酬支出。
GAAP净亏损略低于上一季度，为990万美元
第一季度非公认会计准则调整后的息税折旧摊销前利润为3200万美元，比2023年第四季度增长了95％。
Business Progress:
业务进展：
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打算专注于扩建其设施，目标是到2024年底实现300兆瓦的基础设施容量，长期目标是到2025年扩大到600兆瓦。
S21和S21 Pro矿工与比特大陆签订了新的矿机购买协议，该协议符合扩张目标。
该公司的人工智能部门正在建设一座两兆瓦的试点项目和一座10兆瓦的建筑。
未来的商业活动包括发展其高速计算部门和进一步的比特币采矿活动。
2024年，将通过自由现金流优先考虑债务管理。
该团队将继续优先考虑支持其绿色计划的合作伙伴关系。
在接下来的6-7个月中，资本的部署将需要4,500万至5000万英镑，其中非常重视谨慎地使用股权来实现增长。
最后，向机构和私人投资者推广公司是他们未来努力的一部分，重点是通过股票升值来实现利润最大化。
More details: TeraWulf IR
更多详情： TeraWulf 红外
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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