Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
TeraWulf Inc. owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. The Company has two Bitcoin mining facilities: the wholly owned Lake Mariner Data facility in New York, and Nautilus Cryptomine facility in Pennsylvania, a joint venture with Cumulus Coin, LLC. It generates domestically produced Bitcoin powered by nuclear, hydro, and solar energy with a focus on utilizing 100% zero-carbon energy. Its principal operations consist of operating, developing, and constructing bitcoin mining facilities in the United States. It operates a portfolio of bitcoin mining facilities, either wholly owned or through joint ventures, that each deploy a series of computers that solve complex cryptographic algorithms, where computing power is provided to a mining pool operator to mine bitcoin and validate transactions on the bitcoin network. It also leverages its available digital infrastructure to provide miner hosting services to third parties.
WULF - Terawulf Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.