On July 3, 2024, TeraWulf Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol WULF, filed a Form 8-K with the SEC to report on its current operational status and production updates. The company, which operates environmentally clean bitcoin mining facilities in the United States, announced a significant year-over-year increase in its self-mining capacity, reaching 8.8 EH/s, a 76% increase. In June 2024, TeraWulf mined 177 bitcoins at an average cost of $32,373 per bitcoin, reflecting an average power cost of $0.042/kWh. The company also participated in demand response activities, which are expected to further reduce power costs. The completion of Building 4 at the Lake Mariner facility was a notable milestone, setting the stage for an operational...Show More

On July 3, 2024, TeraWulf Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol WULF, filed a Form 8-K with the SEC to report on its current operational status and production updates. The company, which operates environmentally clean bitcoin mining facilities in the United States, announced a significant year-over-year increase in its self-mining capacity, reaching 8.8 EH/s, a 76% increase. In June 2024, TeraWulf mined 177 bitcoins at an average cost of $32,373 per bitcoin, reflecting an average power cost of $0.042/kWh. The company also participated in demand response activities, which are expected to further reduce power costs. The completion of Building 4 at the Lake Mariner facility was a notable milestone, setting the stage for an operational capacity increase to over 10.0 EH/s in July 2024. TeraWulf is also advancing its AI/HPC digital infrastructure projects, with a 2 MW pilot project and a 20 MW co-location pilot facility in development. The company's forward-looking statements in the report highlighted its commitment to environmentally sustainable bitcoin mining and its strategic growth plans, despite acknowledging the various risks and uncertainties inherent in the cryptocurrency mining industry.