TeraWulf, a leading Bitcoin mining company, has announced the full repayment of its term loan, eliminating all outstanding debt. The final payment of $77.5 million marks a significant milestone for TeraWulf, positioning the company for future growth and financial stability. CFO Patrick Fleury emphasized the company's commitment to enhancing shareholder value and allocating future profits towards organic growth, potential dividends, or share buybacks. This strategic move has positively impacted TeraWulf's market performance, with shares trading up by 3.11% pre-market.
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