Bitcoin mining company TeraWulf reported its fourth-quarter 2024 results on Friday morning, boosted by increased Bitcoin production and rising average Bitcoin price, with full-year revenues up 102% from $69.2 million in 2023 to $140.1 million. TeraWulf said its legacy term loan debt was eliminated in 2024, compared with $139.4 million at the end of 2023. TeraWulf's GAAP-adjusted EBITDA (earnings before tax, depreciation and amortization expenses) nearly doubled, from $31.9 million in 2023 to $60.4 million in 2024. As of December 31, 2024, the company reported $274.1 million in cash and cash equivalents. As of December 31, TeraWulf had $274.5 million in cash, cash equivalents and Bitcoin on its balance sheet, with the amount of BTC held nearly quadrupled to 1,801 BTC.