TeraWulf and IKONICS Announce Merger Agreement, Paving Way For a U.S. Publicly Traded ESG-Focused Cryptocurrency Mining Company with Plans to Use 90%+ Zero-Carbon Energy TeraWulf Positioned to Produce Low-Cost, Domestic, Environmentally Sustainable Bitcoin at an Industrial Scale 50 Megawatts (“MW”) Expected to be Online This Year and 800 MW Deployed by 2025, Enabling a…
DULUTH, Minn., Feb. 18, 2021 (GLOBE NEWSWIRE) — IKONICS Corporation (the “Company” or “IKONICS”) (NASDAQ:IKNX), a Duluth-based imaging technology company, announced 2020 and fourth quarter financial results. IKONICS had 2020 revenue of $13,432,000, down 23.8% from the prior year. The Company realized a net loss for 2020 of $439,000, or $0.22 per diluted share, compared…
DULUTH, Minn., Oct. 29, 2020 (GLOBE NEWSWIRE) — IKONICS Corporation (the “Company” or “IKONICS”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced third quarter 2020 earnings. IKONICS recorded third quarter 2020 revenue of $3,135,000 compared to $4,530,000 in 2019, a decline of 31%. IKONICS posted a third quarter 2020 loss of $274,000, or $0.14 per diluted…
DULUTH, Minn., Aug. 07, 2020 (GLOBE NEWSWIRE) — IKONICS Corporation (the “Company” or “IKONICS”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced second quarter 2020 earnings. IKONICS recorded second quarter 2020 revenue of $2,572,000 compared to $4,596,000 in 2019, a decline of 44%. IKONICS posted a second quarter 2020 loss of $1,042,000, or $0.53 per diluted…
DULUTH, MN – IKONICS Corporation (the “Company”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced it will furlough approximately 40% of its 81 employee workforce until July 31, 2020. Employees were notified on June 25th, 2020 and furloughed employees will continue to receive benefits. In addition to the furlough, IKONICS is suspending the company’s contribution to…
DULUTH, Minn., April 30, 2020 (GLOBE NEWSWIRE) — IKONICS Corporation (the “Company”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced first quarter 2020 earnings. Revenue was $3,497,000 compared to $3,529,000 in 2019, a decline of 1%. IKONICS posted a first quarter loss of $587,000, or $0.30 per diluted share, in 2020 compared to a loss of…
DULUTH, Minn., April 23, 2020 (GLOBE NEWSWIRE) — IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced it has expanded its lineup of advanced imaging stencil films with the addition of IKONART® Textile Film. Sold under the IKONART brand, IKONART Textile Film offers similarities to IKONART Stencil Film with a stickier and slightly more rigid…
DULUTH, Minn., Feb. 20, 2020 (GLOBE NEWSWIRE) — IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced 2019 and fourth quarter financial results. IKONICS had 2019 revenue of $17,619,000, down 3.3% from the prior year. Earnings fell from $139,000, or $0.07 per diluted share in 2018 to a loss of $814,000, or $0.41 per diluted…
DULUTH, Minn., Jan. 27, 2020 (GLOBE NEWSWIRE) — IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, introduced Hydrokon™ Water Transfer Film, an internally developed and manufactured product for the hydrographics printing market. Hydrographics printing, or hydro dipping as it is commonly referred, is a unique water transfer printing process that can be applied to many…
DULUTH, MN – IKONICS Corporation (the “Company”) (Nasdaq: IKNX) announced today that William C. Ulland, President, Chief Executive Officer and Chairman of the Board of Directors (the “Board”) of the Company, will retire as President and Chief Executive Officer effective February 10, 2020, and that the Board has elected Glenn Sandgren, to succeed him. Mr….