TeraWulf mines 176 bitcoin in September

September 2024 Production and Operations Highlights: Self-Mined Bitcoin: TeraWulf mined 176 bitcoin in September, achieving an average production rate of approximately 5.9 bitcoin per day. Operating Capacity: The Company’s operational self-mining capacity remained at approximately 10.0 EH/s, representing a 100.0% increase year-over-year. Power Cost: The average power cost per bitcoin mined was $35,109 in September, corresponding to an approximate rate of $0.042/kWh. This figure excludes anticipated proceeds from demand response and ancillary services. “During September, TeraWulf mined 176 bitcoin, maintaining an average production rate of approximately 6 bitcoin per day,” said Sean Farrell, Senior Vice President of Operations at TeraWulf. “We are currently implementing large-scale PSU replacements and ventilation upgrades in miner building 3, “MB-3”, to enhance performance as cooler fall temperatures arrive. The recent sale of our equity interest in Nautilus has provided significant capital to accelerate the expansion of our HPC and AI data center at Lake Mariner. This strategic reinvestment strengthens our ongoing initiatives, including the successful completion of our 2 MW ‘WULF Den’ proof-of-concept for WULF Compute, designed for high-density GPU workloads. Construction of CB-1, our 20 MW HPC/AI facility at Lake Mariner, is on track, with completion expected in Q1 2025. We’ve also secured long-lead items for CB-2, a 50 MW AI/HPC facility, to ensure timely completion in early Q2 2025.”