Terawulf Inc. · NASDAQ:WULF
Terawulf — Investor Presentation (July 2023)
17 slides from Terawulf's investor presentation, Jul 21, 2023
Slide 1: Company Presentation July 2023: An Infrastructure-Focused Mining Company
1 Company Presentation July 2023 An Infrastructure-Focused Mining Company
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 concerning ant
Slide 3: TeraWulf at a Glance
TeraWulf at a Glance 3 • Current operating hash rate of ~5.5 EH/s with ~50,000 miners deployed – 44,500 self miners (5.0 EH/s) and 5,000 (0.5 EH/s) hosted miners • 160 MW of infrastructure with 87 MW of shovel-ready expansion at existing sites – 43 MW expansion currently underway at LMD – Immediate
Slide 4: Why WULF Wins: The Four P's
Why WULF Wins: The Four “P’s” Digital Asset Infrastructure First Foundation to Scale Experienced Energy Professionals Power & Infrastructure Experts Sustainable, Scalable Facilities Key Relationships & Site Control ESG Principled and Practiced Driving the Future of Bitcoin Mining 4 Plugs People Powe
Slide 5: Plugs: Sustainable and Scalable Sites
Plugs: Sustainable and Scalable Sites 87 MW Shovel-ready expansion capacity at existing sites > 91% Zero-carbon power supply today, with goal of achieving 100% 3.5 ¢ Per kilowatt hour targeted average power cost 5 91%+ Zero Carbon (1) 110 MW Online 500+ MW Capacity Hydro, Solar 100% Zero Carbon 50 M
Slide 6: People: Best-in-Class Management Team
People: Best -in -Class Management Team Led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure N A Z A R K H A N Co -Founder, Chief Operating Officer & Chief Technology Officer 20+ years in energy infrastructure and cryptocurrenc
Slide 7: WULF Mission
WULF Mission To be the premier large-scale, zero-carbon bitcoin miner, generating attractive investor returns while providing sustainable benefits for our communities. ✓ Experienced Energy Professionals ✓ Scalable and Flexible ✓ Transparent Reporting and Governance ✓ Business Integrity ✓ Respons
Slide 8: Efficiently Scaling Self-Mining Operations
Efficiently Scaling Self-Mining Operations Note: the number of miners represented on chart are approximate figures. (1) Represents approximately 43 MW expansion projected to be online by year-end 2023 (2) Includes 5,000-miner hosting agreement, which terminates in Q4 2023. (3) Reflects TeraWulf’s 25
Slide 9: Flexible growth through dynamic markets: Infrastructure and Hash Rate Deployment
Note: Future deployment figures reflect anticipated capacity based on current expectations and market conditions and are subject to change. Flexible growth through dynamic markets 9 Infrastructure and Hash Rate Deployment ▪ Miners procured for 7.9 EH/s of hashing capacity ▪ Leveraging Bitmain’s ne
Slide 10: Illustrative Annual Gross Margin
Illustrative Annual Gross Margin (1) Reflects gross margin for 203 MW of mining capacity across Lake Mariner and Nautilus Cryptomine facilities. (2) BTC price and network difficulty held constant over period. Low production cost provides downside protection while maximizing upside Illustrative 1Q 20
Slide 11: Strong Operating Margins and Profitability
Strong Operating Margins and Profitability Illustrative Annual EBITDA and Free Cash Flow 11 Note: Future estimates reflect anticipated capacity based on current expectations and market conditions and are subject to change. (1) BTC price and network difficulty held constant over period. Key Assumptio
Slide 12: Illustrative Pre- and Post-Halving Power Cost per BTC
Note: For illustrative purposes only. (1) Asset light miner BTC mined and miner power consumption figures based on 24.2 J/TH efficiency plus 4% ancillary power draw. WULF BTC mined and miner consumption figures based on WULF fleet efficiency plus 4% ancillary power draw. (2) 400 EH/s recent network
Slide 13: 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 • Vertically integrated strategy ensures ability to create and take advantage of digital asset infrastructure • Experienced team with decades o
Slide 14: Site Overviews
SITE OVERVIEWS
Slide 15: Lake Mariner Data (NY)
Lake Mariner Data (NY) 15 Location: Barker, NY Ownership: 100% Site Control: Long-term lease Infra. Capacity: 500 MW site potential Power Source: 91%+ zero-carbon hydro and nuclear power Deployment: • 110 MW operational • 43 MW expansion underway • 37 MW shovel ready expansion Proprietary Miners: •
Slide 16: Nautilus Cryptomine (PA)
Nautilus Cryptomine (PA) 16 Location: Berwick, PA Ownership: 25% (JV with Talen) Site Control: Long-term lease Infra. Capacity(1): 100 MW Power Source: Nuclear power Deployment: • 50 MW online • 50 MW optional expansion Proprietary Miners: • 9,000 Bitmain S19 J-Pros • 7,000 Bitmain S19 XPs (1) Refle
Slide 17: Contact
NASDAQ: WULF Contact: ir@terawulf.com www.TeraWulf.com/contact