- TeraWulf ( NASDAQ: WULF ) said Monday it mined 125 bitcoin in December, bringing its Q4 total production to 378 BTC, up 223% compared with Q3.
- Shares of the cryptocurrency miner rose 2.9% in morning trade.
- Fleet of deployed miners reached ~18K with hash rate capacity over 2 EH/s.
- TeraWulf ( WULF ) said it navigated extreme operating conditions during last month's winter storm and quickly returned to full production at the storm's close.
- Despite weather-related price volatility in December, the company guided for average power cost of ~$0.035/kWh across its two sites.
- TeraWulf ( WULF ) operates ~18K bitcoin miners with a hash rate capacity over 2 EH/s at its Lake Mariner facility.
- The company received ~4.5K miners in December and an additional ~3.8K miners were delivered during the first week of January from Bitmain Technologies .
- TeraWulf ( WULF ) is scheduled to receive over 18K additional miners from Bitmain over the coming months.
- The firm expects to have total operational capacity of 49K miners (5.5 EH/s) in early Q2 2023, representing about 160 MW of power demand.
- SA Quant warned investors that TeraWulf ( WULF ) is at high risk of performing badly .
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TeraWulf more than triples bitcoin production in Q4