2023-06-06 11:23:33 ET
- TeraWulf ( NASDAQ: WULF ) has announced that it self-mined 323 bitcoin in May, a 35% increase over April , with an average production rate of 10.4 bitcoin/day.
- The Co. increased hash rate capacity by over 13% month-over-month to 4.4 EH/s as of May 31, 2023 .
- The power cost averaged $6.2k per bitcoin produced, or ~$0.028/kWh in May.
- Also, deployed fleet of 36,000 miners, comprised of 20,000 miners at its wholly owned Lake Mariner facility in New York and 16,000 self-miners at the nuclear-powered Nautilus facility in Pennsylvania.
- The Co. commenced operations in Building 2 at the Lake Mariner facility, where the Co. continues to ramp to the full 50 MW of self-mining capacity, which remains on target for Q2 2023.
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TeraWulf self mines 323 bitcoin in May