TeraWulf Buying Back Up to $200 Million in Shares

Dow Jones

2024-10-24

By Paul Ziobro

TeraWulf is buying back up to $200 million in shares, which the company says reflects confidence in its strategy and financial health.

The bitcoin-mining company on Wednesday said its board approved the share repurchase plan that will run through the end of 2025.

TeraWulf is buying the shares using excess cash.

Chief Executive Paul Prager said the buyback plan comes after the company has taken steps to strengthen its balance sheet, including fully retiring its debt earlier in the year.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

October 23, 2024 16:42 ET (20:42 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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