Internet reports that Bitcoin mining company TeraWulf announced its fourth-quarter 2024 results on Friday morning. Driven by increased Bitcoin production and an increase in the average realized price of Bitcoin, full-year revenue increased by 102% from US$69.2 million in 2023 to US$140.1 million. TeraWulf said its legacy term loan debt has been eliminated in 2024, compared with $139.4 million at the end of 2023. TeraWulf's GAAP-adjusted EBITDA (pre-tax profit, depreciation and amortization expense) nearly doubled, from $31.9 million in 2023 to $60.4 million in 2024. As of December 31, 2024, the company reported cash and cash equivalents of $274.1 million. As of December 31, TeraWulf had $274.5 million in cash, cash equivalents and bitcoins on its balance sheet, of which the amount of BTC held nearly quadrupled to 1,801 BTC.