Patrick Fleury

Patrick Fleury, CFO of TeraWulf, brings his expertise in navigating complex industries, particularly Bitcoin mining. He discusses the importance of simplifying financial models to achieve clarity. The conversation explores the challenges of clear communication in chaotic environments and how finance leaders can enhance transparency. Fleury also delves into the economic aspects of Bitcoin mining, offering insights on profitability and the industry's need for transparency. He shares thoughts on evolving infrastructure, transitioning from Bitcoin mining to AI-driven solutions.

CFO of TeraWulf Inc., Patrick Fleury, discusses Bitcoin mining, ROI, hash rate, halving, power costs, economies of scale, valuation, M&A, international expansion, and capital allocation in this insightful podcast episode.

Patrick Fleury, CFO of TeraWulf, shares insights into the company's financial strategy and recent achievements, including their first AI revenue of $7.2 million. He discusses significant AI contracts with FluidStack and Core42, and the interplay of capital structure amidst rising demand for mining operations. Fleury raises alarms about Bitcoin's security, predicting a potential decline in US hashrate that could pose risks of centralized mining under Chinese control. Tune in for a blend of finance, technology, and critical industry concerns.

Patrick Fleury, CFO of TeraWulf, dives into the company's groundbreaking Q3, where they generated $7.2 million in AI revenue and secured significant contracts with FluidStack and Core42. He discusses the balancing act of their complex capital structure amid rising demand for high-power computing. A chilling forecast emerges as he warns of a potential U.S. hashrate drop to 5-10% by 2028, raising concerns about Bitcoin's security and the dominance of miners like Bitmain.

Patrick Fleury, CFO of TerraWulf, discusses public mining markets, shareholder dilution, issuing equity, lab projects, TerraWulf's lines of business, energy contracts, and partnerships. The episode covers financial transparency, evaluating business performance metrics, challenges in the mining industry, different sectors in mining, and the importance of power infrastructure for mining operations.