WULF - TeraWulf Announces December 2023 Production and Operations Updates | Benzinga
Self-mined 334 BTC in December for a total of 3,401 BTC mined year-to-date
Building 3 at Lake Mariner operationally ready with deployment of 18,500 S19j XP miners expected in February 2024
Planning for additional growth with construction of Building 4 already underway
Expansion of existing HPC project supporting generative AI planned for 2024
Expect to repay approximately $14 million of debt with cash generated in Q4 2023, with an $11 million repayment expected in January 2024
EASTON, Md., Jan. 03, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided an unaudited monthly production and operations update for December 2023.
December 2023 Highlights
- Self-mined 334 bitcoin in December with an average production rate of over 10 bitcoin per day.
- Power cost averaged $11,212 per bitcoin self-mined, or approximately $0.038/kWh in December.
- Building 3 at the Lake Mariner facility is operationally ready with energization of additional 18,500 S19j XP miners expected in February 2024. Construction of Building 4 is underway.
- Expansion of existing high-performance computing ("HPC") project supporting generative AI and large language model applications at the Lake Mariner facility, planned for 2024.
- Expect to repay approximately $14 million of debt with cash generated in Q4 2023, with an $11 million expected repayment in January 2024, thereby reducing the Company's future interest payments.
| Key Metrics 1 |
| December 2023 |
| Bitcoin Self-Mined 2 |
| 334 |
| Value per Bitcoin Self-Mined 3 |
| $42,436 |
| Power Cost per Bitcoin Self-Mined 4 |
| $11,212 |
| Avg. Operating Hash Rate (EH/s) 5 |