TeraWulf Announces March 2024 Production and Operations Update - Seite 3

Company Contact:
Jason Assad
Director of Corporate Communications
[e-mail]
[phone]

¹ The Company’s share of the earnings or losses from operations at the Nautilus Cryptomine facility is reflected within “Equity in net income (loss) of investee, net of tax” in the consolidated statements of operations. Accordingly, operating results of the Nautilus Cryptomine facility are not reflected in revenue, cost of revenue or cost of operations lines in TeraWulf’s consolidated statements of operations.  The Company uses these metrics as indictors of operational progress and effectiveness and believes they are useful to investors for the same purposes and to provide comparisons to peer companies.   All figures except Bitcoin Self-Mined are estimates and remain subject to standard month-end adjustments.
² Includes TeraWulf’s net share of bitcoin mined at the Nautilus Cryptomine facility, based on hash rate share attributed to the Company.
³ Computed as the weighted-average opening price of bitcoin on each respective day the Bitcoin Self-Mined is earned.
⁴ While nameplate inventory as of March 31, 2024 for TeraWulf’s two facilities is estimated at 8 EH/s, actual monthly hash rate performance depends on a variety of factors, including (but not limited to) performance tuning to increase efficiency and maximize margin, scheduled outages (scopes to improve reliability or performance), unscheduled outages, curtailment due to participation in various cash generating demand response programs, derate of ASICS due to adverse weather and ASIC maintenance and repair.