Summary by Futu AI
On February 2, 2024, TeraWulf Inc., a Delaware-incorporated company listed on the Nasdaq with the trading symbol WULF, issued a press release providing an update on its production and operations for January 2024. The company, which operates environmentally clean bitcoin mining facilities in the United States, reported self-mining 313 bitcoins in January at an average production rate of over 10 bitcoins per day. The power cost averaged $16,737 per bitcoin, or approximately $0.05/kWh. The update highlighted the full deployment of Building 3 at the Lake Mariner facility, which increased TeraWulf's operational infrastructure capacity to approximately 160 MW and total self-mining hashrate to 7.1 EH/s by the end of January. The company also expects to reach 7.9 EH/s of owned hashrate in early February with...Show More