On June 4, 2024, TeraWulf Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol WULF, released a press release providing an unaudited production and operations update for May 2024. The company, which operates environmentally clean bitcoin mining facilities in the United States, reported mining 186 bitcoins in May, reflecting the first full month after the Bitcoin Halving event, with an average production rate of approximately 6 bitcoins per day. The power cost averaged $31,239 per bitcoin, with an operational self-mining capacity reaching approximately 8.0 EH/s, an 82% increase year-over-year. TeraWulf is advancing a 2.0 MW AI/HPC digital infrastructure pilot at its Lake Mariner facility, focusing on innovative features and data security. The company also announced the nearing completion...Show More

On June 4, 2024, TeraWulf Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol WULF, released a press release providing an unaudited production and operations update for May 2024. The company, which operates environmentally clean bitcoin mining facilities in the United States, reported mining 186 bitcoins in May, reflecting the first full month after the Bitcoin Halving event, with an average production rate of approximately 6 bitcoins per day. The power cost averaged $31,239 per bitcoin, with an operational self-mining capacity reaching approximately 8.0 EH/s, an 82% increase year-over-year. TeraWulf is advancing a 2.0 MW AI/HPC digital infrastructure pilot at its Lake Mariner facility, focusing on innovative features and data security. The company also announced the nearing completion of Building 4 at Lake Mariner, which is expected to house 10,000 of Bitmain's latest generation miners and increase operational capacity to above 10.0 EH/s in the second half of 2024. Additionally, TeraWulf provided updates on upcoming investor and industry conferences they will be participating in, including the Northland Growth Conference and the Mining Disrupt Conference. The company emphasized its commitment to environmentally sustainable operations, with 95% of its energy coming from zero-carbon sources.