TeraWulf Inc. (NASDAQ:WULF) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET

Company Participants

John Loftin - SVP, Director of IR
Paul Prager - CEO
Patrick Fleury - CFO

Conference Call Participants

Lucas Pipes - B. Riley Securities
Mike Grondahl - Northland Securities
Brett Knoblauch - Cantor Fitzgerald
Joe Flynn - Compass Point Research & Trading
Brian Dodson - Clear Street
John Todaro - Needham and Company
Kevin Cassidy - Rosenblatt Securities
Bill Papanastasiou - Stifel

Operator

Good afternoon, and welcome to TeraWulf's Third Quarter 2024 Earnings Call. At this time, all participants are in lesson-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, John Loftin, Senior Vice President, Director of Investor Relations. Please go ahead, sir.

John Loftin

Thank you, operator. Good afternoon, and welcome to TeraWulf's third quarter earnings call. Joining me today are Chairman and CEO, Paul Prager, and CFO, Patrick Fleury.

Before we get started, 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. During this call, we may use words like anticipate, could, enable, estimate, intend, expect, believe, potential, will, should, project, and similar expressions, which indicate forward-looking statements. For a more comprehensive discussion of these and other risks, please refer to our filings with the SEC, available on sec.gov, and in the investor section of our website at terawulf.com.

We will also reference certain non-GAAP financial measures today. Please refer to our 10-K and 10-Q filings and our website for full reconciliations to the most comparable GAAP measures. You can also find our updated investor deck on our website. We will start with prepared remarks from Paul and Patrick, followed by a Q&A session.

I'll now turn the call over to Paul Prager, our CEO.

Paul Prager

Thank you, John, and good afternoon, everyone. We appreciate your joining us today as we discuss our third quarter results. For those new to TeraWulf, we are a leading energy and digital infrastructure company focused on utilizing predominantly zero-carbon energy to power our operations.

Our management team has over 30 years of experience in energy infrastructure with a proven track record in financing, designing, building, and operating power and power infrastructure projects. Our flagship Lake Mariner facility, located in upstate New York Zone A, is a prime example of a strategy in action. We're situated only 35 miles from Niagara Falls in a region where over 90% of the energy comes from zero-carbon resources. This strategic location combined with our access to scalable infrastructure and power, abundant land, and reliable water resources positions us uniquely in the market. We believe this focus on clean, cost-effective energy bodes well for the future.