TeraWulf Inc. (WULF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to Tara Wolf fourth quarter and full year 2025 earnings conference call. At this time, all participants are on a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance throughout the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. John Larkin. Senior Vice President, Director of Investor Relations. Thank you. You may begin. Thank you, Operator. Good afternoon and welcome to Tara Wolf's fourth quarter and full year 2025 earnings call. Joining me today are Chairman and CEO Paul Prager, CTO Nazir Khan, and CFO Patrick Fleury. Before we begin, please note that our remarks today may include forward-looking statements. These statements are subject to risks and uncertainties, and actual results may differ materially. Words such as anticipate, expect, believe, intend, estimate, project, could, should, will, and similar expressions are intended to identify forward-looking statements. For a discussion of these risks, please refer to our filings with the SEC, available at sec.gov and in the investor relations section of our website. We will also reference certain non-GAAP financial measures. Reconciliations to the most comparable GAAP measures are available in our earnings release and filings. With that, I'll turn the call over to our Chairman and CEO, Paul Prager. Thank you, John, and good afternoon, everyone. 2025 was a defining year for Terribles. We said we would transition this company into a scaled, power-backed AI infrastructure platform, and we did. Our strategy is simple and disciplined. Control energy-advantaged sites, engineer infrastructure around ...