TeraWulf Inc ( WULF ) on Tuesday announced that it paid off a term loan early, eliminating all outstanding debt.

What Happened: TeraWulf ( WULF ) completed full repayment of its term loan ahead of schedule after making a final payment of $77.5 million.

The company said the move underscores its commitment to financial prudence and resiliency. After paying off the term loan and eliminating its debt, TeraWulf ( WULF ) has maximized its financial flexibility to scale and deploy its valuable and low-cost energy infrastructure for bitcoin mining and high-performance computing AI applications.

“Our business’s profitability and strong cash generation has allowed us to successfully retire the remaining debt ahead of schedule, significantly bolstering our financial position,” said Patrick Fleury, CFO of TeraWulf ( WULF ).

“Achieving a debt-free capital structure strategically positions us to promptly capitalize on the escalating demand for our highly valuable energy infrastructure. Moving forward, we intend to remain steadfast in our commitment to enhancing shareholder value and allocate future profits towards organic growth, potential dividends, or share buybacks.”

TeraWulf ( WULF ) owns and operates vertically integrated bitcoin mining facilities powered by 95% zero-carbon energy. The company said it plans to expand its operational infrastructure capacity from 210 MW to 295 MW, with the ability to further increase capacity by an additional 300 MW in the near term. 

TeraWulf ( WULF ) may also be getting a boost from a small bump in the price of bitcoin. Bitcoin was up 0.43% over a 24-hour period, hovering around $57,200 at the time of publication. Crypto markets appear to be getting a lift after spot bitcoin ETFs saw nearly $300 million in net inflows on Monday.

Check This Out: What Dip? Bitcoin ETFs Shake Off ‘Dumb Money’ Label With $300M Inflows

WULF Price Action: TeraWulf ( WULF ) shares were down 2.01% at $5.36 at the time of publication, according to Benzinga Pro.