On May 2, 2024, TeraWulf Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol WULF, filed a Form 8-K with the SEC to announce its production and operations update for April 2024. The company, which operates environmentally clean bitcoin mining facilities in the United States, reported self-mining 348 bitcoins in April at an average production rate of 11.6 bitcoins per day. The power cost per bitcoin was approximately $16,058, or $0.038/kWh. TeraWulf also completed the installation of approximately 3,000 S19k Pro miners at its Lake Mariner facility, bringing the total count to about 4,100. The company's mining fleet achieved a record 98% utilization rate. Construction of Building 4 at Lake Mariner is progressing on schedule, with completion expected by mid-2024, which will increase...Show More

On May 2, 2024, TeraWulf Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol WULF, filed a Form 8-K with the SEC to announce its production and operations update for April 2024. The company, which operates environmentally clean bitcoin mining facilities in the United States, reported self-mining 348 bitcoins in April at an average production rate of 11.6 bitcoins per day. The power cost per bitcoin was approximately $16,058, or $0.038/kWh. TeraWulf also completed the installation of approximately 3,000 S19k Pro miners at its Lake Mariner facility, bringing the total count to about 4,100. The company's mining fleet achieved a record 98% utilization rate. Construction of Building 4 at Lake Mariner is progressing on schedule, with completion expected by mid-2024, which will increase TeraWulf's operational capacity to approximately 10.0 EH/s. Additionally, TeraWulf is finalizing the design for a high-performance computing (HPC) / AI project at Lake Mariner, committing an initial 2 MW block of power for the deployment of thousands of GPUs. The company emphasizes its commitment to environmentally sustainable operations, with its facilities powered by 95% zero-carbon energy, aiming for 100% in the future.