2023-07-18 09:26:50 ET
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TeraWulf ( NASDAQ: WULF ) said Tuesday it would buy 18,500 Antminer S19j XP bitcoin mining machines worth $75 million.
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The purchase of new mining machines would expand its self-mining capacity to 7.9 EH/s.
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The company currently expects to pay $53.4 million, or $19.10 per terahash, for the mining machines after coupons and credits.
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According to the purchase agreement, the 18,500 miners are scheduled to be shipped by BITMAIN in equal monthly allotments in October, November, and December.
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The new S19j XP machines will be deployed at the company’s Lake Mariner facility in New York.
For further details see:
TeraWulf boosts capacity via purchase of 18.5k miners from BITMAIN for $75M