Home Bitcoin News Bitcoin Mining Bitcoin Mining Agency TeraWulf Raised $17M of Capital in Q3, However Money Reserves Stay Low – CoinDesk

Bitcoin Mining Agency TeraWulf Raised $17M of Capital in Q3, However Money Reserves Stay Low – CoinDesk

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In the identical quarter, TeraWulf considerably elevated its hashrate, or computing energy, and power capability that might be used for deploying mining machines. About 50 megawatts (MW) of energy had been introduced on-line at its mining facility in Lake Mariner in upstate New York. The corporate had 11,000 miners working on the finish of the quarter, and one other 9,000 are scheduled to be plugged into the 50 MW in Lake Mariner. Because of the growth, WULF mined 117 bitcoin within the third quarter, in comparison with 29 within the second quarter.

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