WULF - What's Going On With Bitcoin-Related Stock TeraWulf? | Benzinga
TeraWulf Inc (NASDAQ:WULF) shares are trading higher by 11.2% to $2.43 Monday, despite a lack of company-specific news for the session. The company last week released its production and operations update for April 2024.
The company says it mined 348 Bitcoins for April, averaging 11.6 bitcoins per day. Their power cost per self-mined bitcoin was $16,058, excluding additional revenue streams. TeraWulf replaced older miners with 3,000 S19k Pro models at Lake Mariner, bringing the total to around 4,100. Bitcoin production decreased by 5.0% compared to March, with 68% mined before the April 19th halving event.
Transaction fees surged post-halving, compensating for the reduced block subsidy. Construction of Building 4 at Lake Mariner is on schedule, expected to boost operational capacity. TeraWulf is also finalizing plans ...