The Debt-Laden Wolfpack 🐺 🤔

Dec 21, 2023

Next up is Terawulf as promised. Terawulf was my last miner I got interested in but not for the hype around its nuclear mining operation. Moreso, I was looking for miners down major off their highs, and those with a higher max upside. Problem is, this company has over 100 million in debt, and following their monthly and quarterly updates shows that they have no intention to pay it down quickly. Very high risk play!

Technicals : Not much here, as this IPO'd during the peak of the bullrun. 707 algo play is all I got. If WULF can get through this 618 resistance and downtrend line, then we got a nice run shaping up.

I will keep this updated as to their debt. We've seen other miners have massive amounts of debt like this, and paid it off. Pretty sure Bitfarms had a lot of debt at one point for comparison.

Stay Tuned!

Dec 21, 2023

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Slight daily divergence on RSI

Dec 27, 2023

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First hurdle cleared. Onwards to the next 👍

Dec 29, 2023

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Got some good news in the press release Wolfpack. Originally, WULF had some crazy idea that somehow buying miners then running them for Bitmain while they are paid off over the course of a year have since changed their stance. This was a terrible idea! And I am glad they've sinced changed it. Here is the latest update with more details on the expansion. I do expect that we will get some more dilution, so keeping as low an average going into 2024 is critical.

markets.businessinsider.com/news/stocks/terawulf-reports-fully-funded-7-9-eh-s-and-future-expansion-plans-1032929928
"While the Company previously planned to convert prior deposits towards the S19j XP purchase order into 5,500 miners and host-to-own the remaining 13,000 miners for BITMAIN until the fourth quarter of 2024, the Company now plans to utilize its entire fleet for self-mining operations."

Jan 4

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I may be too greedy expecting 1.50 js

Jan 4

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Great update for WULF for December. Finally paying down debt 👍

Self-mined 334 BTC in December for a total of 3,401 BTC mined year-to-date

Building 3 at Lake Mariner operationally ready with deployment of 18,500 S19j XP miners expected in February 2024

Planning for additional growth with construction of Building 4 already underway

Expansion of existing HPC project supporting generative AI planned for 2024

Expect to repay approximately $14 million of debt with cash generated in Q4 2023, with an $11 million repayment expected in January 2024

Jan 6

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Just a correction to the high. Should read 2023, not 2022.

Jan 8

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Overlap validated. To be expected from such a terrible mining company! lmao 🤣

Jan 12

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First test of .50, if you are bullish then you can start stepping in. I'm sure we'll play around this level. Added some shares here

Jan 12

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This would be my alternate for WULF if we dont hold the 618.

Jan 13

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Sorry, 2024 Miners Performance. WULF bottom of the pack

Jan 18

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My avg on WULF is 1.41
I don't think I'll be adding any more shares if we do get down to the dollar area. I have a lot of concerns about this company in 2025 due to their debt. If they can pay larger chunks down then they have a chance. Quite a bit of debt will be due end of year and the need high Bitcoin prices to day pay it down.

Jan 26

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H4 update for WULF!

Jan 29

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Weekly update. Possible fakeout under lower bound. Sell algos here but possibly quite bullish. If we can break this 618, keeps eyes on WULF over the next couple months.

Jan 30

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Getting interesting now. The beta on this is terrible. Even if BTC just sneezes this will dip hard. However, bulls did take out 618 sell algos and both pivots invalidated for bears looking for an impulse. H4 ✌️

Feb 1

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618 Shorts swept. Once we complete the retracement, draw the fork, set it and forget it. H4

Feb 8

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H4

Feb 9

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We'll know very quickly where we are depending on if this 618 holds as resistance and also if we invalidate the pivot high here on WULF. H4 update

Feb 14

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WULF targets up to 3.60. I'll wait to see how we deal with 3 dollars first.✌️

Feb 15

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WULD, Daily. Will need to see weeks of price data to confirm the breakout of the fork. But looks good! WULFPACK! 🤣🐺

Feb 23

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Looks like WULF will need more time around 1.50s and waiting for Bitcoin to break upside. But goes to show actually how much some of these miners are underpeforming. In order for WULF to even get back to the 3s it will need Bitcoin over 50k!

Feb 26

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Getting interesting now. Solid sign of strength 💪

Feb 29

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WULF setup. 1.80s frontrun. Bull market support 1.60s
Wave 3 targets on chart

Mar 1

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Buyers at the .50 on WULF

Mar 5

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3D, Very Interesting

Mar 14

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Not much to update on WULF. Showing the Daily to emphasis the sell pressure from ATH. But take note, the price is pressing towards the upper parallel, still bullish imo. Entire sector feeling the pain, and surprisingly, WULF not that beaten up 🧐

Mar 20

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Weekly!

Apr 5

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Great news on the fireside chat with Terawulf! They expect with the increase in hashrate this year the outstanding debt should be paid off 3rd or 4th quarter this year. 🐺

Apr 5

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Fireside Chat with Cantor Fitzgerald youtu.be/7LFZbBxlN78?si=7dFKzJXJoExKygjg

Apr 24

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5D!

May 28

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Hello fellow WULFpack. Anyone also considering the strategic East Coast positioning. What are your thoughts?

May 30

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Added some more shares. See you boys at the top ✌️🤣💪🚢🌴👋🤭

Jun 14

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WULF 1W

Jun 28

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Trailing, assessing the gap. Daily

Jul 1

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Adjusting trailing stop on H4 using WEEKLY data

Jul 8

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Always TP

Jul 14

Trade closed manually

Closing Charts. Trump

Aug 3

Trade active

Aug 11

Trade closed manually

Non-compliance

Aug 15

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WULF falters at the 100%, a novice's misstep. Overlap signals a tense standoff, the battlefield undecided.

Aug 20

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Net Debt (5) $(27.4) million ➢ Debt fully repaid in July 2024, subsequent to 2Q24

Oct 2

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Appreciate the support everyone!

Oct 22

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New high for WULF!