Chris Brenner's questions to Terawulf Inc (WULF) leadership • Q2 2025
Question
Chris Brenner asked to quantify the benefit to financing terms from the new Google partnership, inquired if the annual expansion target was accelerating, and questioned if the prior 70% LTV financing target was still relevant.
Answer
CFO Patrick Fleury described the Google partnership as a 'game changer' for their credit profile, making prior financing targets like 70% LTV 'out the door' and no longer relevant. CTO Nazar Khan explained the 150-200 MW annual expansion target is based on financing and execution capacity, which could potentially increase following this transaction.