Terawulf Inc. · NASDAQ:WULF
Terawulf — Investor Presentation (December 2022)
17 slides from Terawulf's investor presentation, Dec 9, 2022
Slide 1: Investor Presentation December 2022
1 Investor PresentationDecember 2022An Infrastructure-Focused Mining Company
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Thispresentationisforinformationalpurposesonlyandcontainsforward-lookingstatementswithinthemeaningofthe"safeharbor"provisionsofthePrivateSecuritiesLitigationReformActof1995,asamended.Suchforward-lookingstatementsincludestatementsconcerninganticipatedfutureeventsandexpectationst
Slide 3: TeraWulf at a Glance
TeraWulf at a Glance 3•Current hash rate of 2.0 EH/s with ~17,500 miners deployed–~11,000 self miners (1.3 EH/s) and ~6,500 (0.7 EH/s) hosted miners–Short-term hosting leverages available plugs pending Q1 2023 miner deliveries•160 MW of mining infrastructure expected to be fully utilized in Q1 2023–
Slide 4: Why WULF Wins: The Four P's
Why WULF Wins: The Four “P’s” Experienced Energy EntrepreneursPower & InfrastructureExpertsESG Principled and PracticedDriving the Future of Bitcoin Mining4 PeoplePrioritiesDigital Asset Infrastructure FirstFoundation to Scale Plugs Sustainable, Scalable FacilitiesKey Relationships & Site ControlPow
Slide 5: Plugs: Sustainable and Scalable Sites
Plugs: 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 cost5 91%+ Zero Carbon (1)110 MW Online in Q1 2023500+ MW Hydro, Solar 100% Zero Carbon50 MW Online in Q1 202310
Slide 6: Power: Industry-Leading Cost Profile
Power: Industry-Leading Cost ProfileNote: 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 0.060.070.080.090.102
Slide 7: People: Best-in-Class Management Team
People: Best-in-Class Management TeamLed by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructureand disruptive technology N A Z A R K H A NCo-Founder, Chief Operating Officer & Chief Technology Officer20+ years in energy infrastructur
Slide 8: Mission
MissionTo be the premier U.S. based, large-scale, zero-carbonbitcoin miner,generating attractive investorreturnswhile providingsustainable benefits forourcommunities. Experienced Energy EntrepreneursInfrastructure FirstScalable and FlexibleTransparent Governance Business IntegrityResponsibl
Slide 9: Efficiently Scaling Self-Mining Operations
Total CapacitySelf-MiningOperationalSelf-MiningProcured (3)Short-TermHosting (4)OpenCapacityLake Mariner (1)(110 MW)34,000 miners11,000 miners1.3 EH/s18,000 miners2.0 EH/s5,000 miners0.5 EH/sN/ANautilus (2)(50 MW)15,000 minersN/A15,000 miners1.6 EH/sN/AN/A49,000 miners11,0001.3 EH/s33,000 miners3.7
Slide 10: Projected Hash Growth
Projected Hash GrowthNote: future estimates are based on current expectations and market conditions. (1)Includes1,500-miner hosting agreement which terminates in February 2023 and 5,000-miner hosting agreement that terminates in Q4 2023. (2)Optional Buildout reflects 130 MW expansion at current site
Slide 11: Illustrative Annual Gross Margin
Illustrative Annual Gross Margin(1)Period Ending Bitcoin Price calculated by linearly decreasing/increasing the starting Bitcoin price of $17,000 on December 31, 2022.(2)Period Ending Network Hash Rate calculated by linearly increasing the starting network hash rate of 250 EH/s on December 31, 2022.
Slide 12: Cost Saving Initiative Underway
Cost Saving Initiative UnderwayTargeting 25%+ in run-rate savings in the next 12 months Corporate OverheadSite CostsInsuranceThird Party Services(1)Targeted Savings Categories(1) Includes suspension of cash compensation to Chief Executive Officer and Chief Operating Officer. 12 Target Annual Fixed C
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 targeting zero-carbon energy leveraging nuclear, hydro, and solar resources•Vertically integrated, infrastructure first strategy ensures ability
Slide 14: Site Updates
SITE UPDATES
Slide 15: Lake Mariner Data (NY)
Lake Mariner Data (NY) 15 (1)Includes1,500-miner hosting agreement that terminates in February 2023 and 5,000-miner hosting agreement that terminates in Q4 2023. Location:Barker, NYOwnership:100%Site Control:Long-term leaseInfra. Capacity:500 MW site potentialPower Source:91%+ hydroDeployment:•60 MW
Slide 16: Nautilus Cryptomine (PA)
Nautilus Cryptomine (PA) 16 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:•7,100 Bitmain
Slide 17: NASDAQ: WULF Contact
NASDAQ: WULFContact:ir@terawulf.comwww.TeraWulf.com/contact