Summary by Futu AI
On June 4, 2024, TeraWulf Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol WULF, released a press release providing an unaudited production and operations update for May 2024. The company, which operates environmentally clean bitcoin mining facilities in the United States, reported mining 186 bitcoins in May, reflecting the first full month after the Bitcoin Halving event, with an average production rate of approximately 6 bitcoins per day. The power cost averaged $31,239 per bitcoin, with an operational self-mining capacity reaching approximately 8.0 EH/s, an 82% increase year-over-year. TeraWulf is advancing a 2.0 MW AI/HPC digital infrastructure pilot at its Lake Mariner facility, focusing on innovative features and data security. The company also announced the nearing completion...Show More