The latest update is out from TeraWulf Inc ( (WULF) ).
TeraWulf Inc. has announced a significant update on its production and operations, including the mining of 176 bitcoins in September and maintaining an operational self-mining capacity of 10.0 EH/s, doubling from the previous year. Additionally, the company reported an average power cost of $35,109 per bitcoin, reflecting efficiency improvements. Strategic developments include the sale of a 25% equity interest in the Nautilus facility for $92 million, with funds intended to support the construction of new high-performance computing (HPC) and artificial intelligence (AI) facilities at Lake Mariner, with the 20 MW CB-1 facility expected to complete by Q1 2025. TeraWulf continues to focus on environmentally sustainable data center operations for bitcoin mining, driven by zero-carbon energy sources.
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