TeraWulf Releases Inaugural Corporate Social Responsibility Report

Highlights the Company’s Industry Leading ESG and Sustainability Efforts

EASTON, Md., April 03, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today released its inaugural Corporate Social Responsibility (CSR) report for fiscal year 2023. This comprehensive report outlines TeraWulf’s commitments, goals, and initiatives across various CSR and environmental, social, and governance (ESG) issues. 

Since its public launch in 2021, TeraWulf has been steadfastly building a robust ESG foundation to support its growth and mission of supporting the energy transition through sustainable bitcoin mining practices.

Kerri Langlais, Chief Strategy Officer at TeraWulf, commented, “With the release of our inaugural CSR report, we offer stakeholders a detailed overview of our sustainability initiatives and how our ESG strategy aligns with our mission and values. Our 2023 achievements reflect our ongoing commitment to sustainability and corporate responsibility, which we view as essential to our business and our culture.”

The CSR report presents TeraWulf’s accomplishments, ongoing efforts, and the framework established to drive continuous improvement. Key highlights include:

• A foundation grounded in environmental awareness, reflecting TeraWulf’s commitment to sustainable bitcoin mining.
  
  
• Meaningful policies and measurable targets addressing workforce health and safety, employee engagement, and diversity, equity, and inclusion.
  
  
• A robust corporate governance structure ensuring effective internal oversight and accountability for ESG initiatives.
  

Prepared in collaboration with an independent consultant, the CSR assessment included a benchmark review of peers and leading ESG frameworks and ratings such as SASB, MSCI, and ISS.

As TeraWulf advances its ESG program, it remains committed to transparency regarding its performance, progress, and engagement with key stakeholders. To access TeraWulf’s inaugural CSR report, visit https://investors.terawulf.com/corporate-governance/esg on the Company’s website.

About TeraWulf

TeraWulf owns and operates vertically integrated, environmentally clean bitcoin mining facilities in the United States. Led by an experienced group of energy entrepreneurs, the Company currently has two Bitcoin mining facilities: the wholly owned Lake Mariner facility in New York, and Nautilus Cryptomine facility in Pennsylvania, a joint venture with Cumulus Coin, LLC. TeraWulf generates domestically produced Bitcoin powered by 95% zero carbon energy resources including nuclear, hydro, and solar with a goal of utilizing 100% zero-carbon energy. With a core focus on ESG that ties directly to its business success, TeraWulf expects to provide industry leading mining economics at an industrial scale.