WULF - What's Going On With Bitcoin-Miner TeraWulf's Stock? | Benzinga
TeraWulf Inc. (NASDAQ:WULF) shares are trading higher Tuesday after the company provided an unaudited monthly production and operations update for May 2024.
The Details:
TeraWulf said it self-mined 186 bitcoin in May, the first full month of reduced block rewards following the April Halving event, with an average production rate of approximately 6 bitcoin per day.
Power cost averaged $31,239 per bitcoin self-mined in May, reflecting an approximate rate of $0.039/kWh and excluding the benefit of expected demand response or ancillary services proceeds.
TeraWulf reported its installed and operational self-mining capacity reached approximately 8.0 EH/s, representing an 82% year-over-year increase.
"During May, the Company mined 186 bitcoin, equivalent to approximately 6 bitcoin per day,” said Sean Farrell, SVP of Operations at TeraWulf.
“The Lake Mariner team is making remarkable progress on Building 4, which ...