Terawulf Inc. · NASDAQ:WULF
Terawulf — Q3 2022 Earnings Presentation
13 slides from Terawulf's earnings presentation, Nov 28, 2022
Slide 1: Q3 2022 Investor Update
1 Q3 2022 Investor UpdateNovember 2022An Infrastructure-Focused Mining Company
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Thispresentationisforinformationalpurposesonlyandcontainsforward-lookingstatementswithinthemeaningofthe"safeharbor"provisionsofthePrivateSecuritiesLitigationReformActof1995,asamended.Suchforward-lookingstatementsincludestatementsconcerninganticipatedfutureeventsandexpectationst
Slide 3: Third Quarter 2022 Highlights
Third Quarter 2022 Highlights 3•Expanded operating capacity to over 1.5 EH/s with approx. 15K miners deployed–Comprised of 0.9 EH/s of self-mining and 0.6 EH/s of hosted mining–Average operating hash rate increased 258% quarter-to-quarter to 583 PH/s–Averaged 2,786 self-miners online daily, up from
Slide 4: Sustainable and Scalable Sites
Sustainable and Scalable Sites130 MWAdditional capacity option in 2023> 91%Zero-carbon power supply today, with goal of achieving 100%3.5 ¢ Per kilowatt hour targeted average power cost4 91%+ Zero Carbon (1)110 MW Online in Q1 2023500+ MW Hydro, Solar 100% Zero Carbon50 MW Online in Q1 2023100+ MW (
Slide 5: Efficiently Scaling Self-Mining Operations
Total CapacitySelf-MiningOperationalSelf-MiningProcured (3)Short-TermHosting (4)OpenCapacityLake Mariner (1)(110 MW)34,000 miners4.9 EH/s8,468 miners0.9 EH/s9,350 miners1.6 EH/s6,500 miners0.6 EH/s9,682 miners1.8 EH/sNautilus (2)(50 MW)15,000 miners1.7 EH/sN/A15,000 miners1.7 EH/sN/AN/A49,000 miners
Slide 6: Projected Hash Growth
Projected Hash GrowthNote: future estimates are based on current expectations and market conditions. Hash rate reflects a blend of 100 TH/s and 140 TH/s miners. (1) Optional Buildout reflects 130 MW expansion capacity available at existing sites, development of which is subject to market conditions.
Slide 7: Industry-Leading Power Costs
Industry-Leading Power CostsNote: future estimates are based on current expectations and market conditions and are subject to change.* 2022 data includes January through September. $0.032 $0.025 $0.017 $0.031 $0.061 $0.076 $0.089 $0.045 $0.039 0.000.01 0.020.030.04 0.05 0.060.070.080.090.10201820192
Slide 8: Cost Saving Initiative Underway
Cost Saving Initiative UnderwayTargeting 25%+ in run-rate savings in the next 12 months Corporate OverheadSite CostsInsuranceThird Party Services(1)Breakdown of Targeted Annual SG&A Savings(1) Includes suspension of cash compensation to Chief Executive Officer and Chief Operating Officer. 8
Slide 9: Emerging Leader in Digital Asset Infrastructure
Emerging Leader in Digital Asset Infrastructure•Best-in-class Bitcoin 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 strategy ensures ability
Slide 10: Site Updates
SITE UPDATES
Slide 11: Lake Mariner Data (NY)
Lake Mariner Data (NY) 11 Location:Barker, NYOwnership:100%Site Control:Long-term leaseInfra. Capacity:500 MW site potentialPower Source:91%+ hydroDeployment:•60 MW operational•50 MW under construction, expected online Q1 2023•80 MW expansion potential in 2023Proprietary Miners:•12,000 Bitmain S19 X
Slide 12: Nautilus Cryptomine (PA)
Nautilus Cryptomine (PA) 12 Location:Berwick, PAOwnership:25% (JV with Talen)Site Control:Long-term leaseInfra. Capacity(1):•50 MW targeted online Q1 2023•50 MW optional expansionPower Source:Nuclear powerDeployment:Completing construction; anticipated online Q1 2023Proprietary Miners:•5,300 Bitmain
Slide 13: Contact
NASDAQ: WULFContact:ir@terawulf.comwww.TeraWulf.com/contact