Terawulf Inc. · NASDAQ:WULF
Terawulf — Investor Presentation (March 2022)
17 slides from Terawulf's investor presentation, Mar 31, 2022
Slide 1: An Infrastructure-Focused Mining Company Accelerating the Transition to a Zero-Carbon Future
1 NASDAQ: WULF April 2022 An Infrastructure - Focused Mining Company Accelerating the Transition to a Zero - Carbon Future
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation is for informational purposes only and contains forward - looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 , as amended . Such forward - looking statements include statements concerni
Slide 3: Our Mission
Our Mission To be the premier U.S. based, large - scale, zero - carbon bitcoin miner, generating attractive investor returns while providing sustainable benefits for our communities. x Experienced Energy Entrepreneurs x Infrastructure First x Scalable and Flexible x Transparent Governance x Busin
Slide 4: TeraWulf at a Glance
(1) Company estimates and assumptions as of March 30, 2022. Average production cost based on 100 TH/s efficiency. TeraWulf at a Glance • Introducing a new paradigm for best - in - class crypto mining – Generating sustainable low - cost, domestic bitcoin at industrial scale – Targeting 100% zero - ca
Slide 5: Energy Infrastructure Influences TeraWulf's Foundational Pillars
Energy Infrastructure Influences TeraWulf’s Foundational Pillars Digital Asset Infrastructure First Foundation to Scale Experienced Energy Entrepreneurs Power & Infrastructure Experts Sustainable, Scalable Facilities Key Relationships and Site Control ESG Principled and Practiced Driving the Future
Slide 6: Significant Progress Established Since Formation
March 2022 Feb 2021 March 2021 May 2021 June 2021 Dec 2021 TeraWulf Formed Executed 90 MW energy supply contract for Lake Mariner in NY $30M seed equity financing |<< SEC Review Process >>| Announced reverse merger with IKONICS to become public company + $50M equity financing Formed JV with Talen fo
Slide 7: Building Infrastructure and Executing Plan to Scale Rapidly
* Net megawatt capacity and hash rate. Focused on expanding plug capacity for flexible growth through dynamic markets x Miner orders for 4.9 EH/s in 2022 with capacity to support 7.5 EH/s x Leveraging mix of miners led by Bitmain’s latest edition S19 XPs and S19j Pros x Digital infrastructure exp
Slide 8: Best-in-Class Management Team
Best - in - Class Management Team Led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology N A Z A R K H A N Chief Operating Officer & Chief Technology Officer 20+ years in energy infrastructure and crypto
Slide 9: Sustainable and Scalable Sites
Sustainable and Scalable Sites (1) Nautilus Cryptomine capacity represents TeraWulf’s 50% JV interest. 800 MW Mining capacity by 2025 at existing sites > 90% ZERO - carbon power supply today, with goal of achieving 100% < 3 ¢ Per kilowatt hour average power cost 9 500+ MW Hydro, Solar 90%+ Zero Carb
Slide 10: Illustrative Capacity, Hash Rate and Revenue Outlook
(1) Nautilus Cryptomine capacity and hash rate figures represent TeraWulf’s 50% JV interest. (2) For illustrative purposes only; hash rate range reflects use of 100 TH/s and 140 TH/s miners, respectively. (3) Assumes initial bitcoin price of $40,000 and initial network hash rate of 200 EH/s as of Ma
Slide 11: ESG Sits at TeraWulf's Core
Positively impacting the environment through our operations SOCIAL x Diverse management team x Strong service culture with emphasis on supporting veterans x Track record of stakeholder engagement and supporting communities x Funding and participating in social health, environmental, and sustainabili
Slide 12: TeraWulf is an Emerging Leader in Digital Asset Infrastructure
TeraWulf is an Emerging Leader in Digital Asset Infrastructure • Best - in - class crypto mining due to low - cost, sustainable, and domestic bitcoin mining at industrial scale targeting zero - carbon energy leveraging nuclear, hydro, and solar resources • Vertically integrated, infrastructure first
Slide 13: Appendix
APPENDIX
Slide 14: How Bitcoin Mining Works
How Bitcoin Mining Works Supporting the network one block at a time Transactions pooled together in a “block”, storing up to one MB of data, and are then encrypted Completed block contains the preceding block’s hash, trans. data, and current block’s hash Miners compete to solve the unique SHA256 cry
Slide 15: Accomplished, Diverse Board to Ensure Transparency and Accountability
Accomplished, Diverse Board to Ensure Transparency and Accountability 15 Name Board Position Committee Affiliation Paul Prager Executive Chairman Compensation CEO of TeraWulf Inc. Nazar Khan Executive COO & CTO of TeraWulf Inc. Kerri Langlais Executive CSO of TeraWulf Inc. Steve Pincus Independent (
Slide 16: TeraWulf Charitable Foundation
16 Advancing TeraWulf’s Mission to Address Significant Societal Challenges of Today x Founded in 2021, the Foundation focuses on funding and participating in social health, environmental and sustainable programs. x Initial funding of 2.3% of outstanding WULF common stock. x In collaboration with rep
Slide 17: Contact
NASDAQ : WULF Contact: ir@terawulf.com www.TeraWulf.com/contact