TeraWulf Points March 2024 Manufacturing and Operations Replace

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TeraWulf Inc. (Nasdaq: WULF) immediately offered its unaudited month-to-month manufacturing and operations replace for March 2024.

March 2024 Manufacturing and Operations Highlights

  • In March, we self-mined 379 Bitcoins, with a mean manufacturing of 12.2 Bitcoins per day.
  • In March, electrical energy prices averaged $13,798 per self-mined Bitcoin, or roughly $0.035/kWh. This doesn’t embody earnings from anticipated demand response or ancillary providers income.
  • Put in hash charge elevated to eight EH/s month over month on the finish of March, primarily as a result of alternative of roughly 1,000 earlier technology miners with S19k Professional miners.
  • In early April, a further 3,000 S19k Professional miners shall be delivered to the Mariner Lake facility, commissioned, and deployed to switch earlier technology miners and broaden the miner fleet.
Key indicators 1 March 2024 February 2024
Bitcoin self-mining lake mariner 290 276
Bitcoin self mining nautilus 2 89 88
Worth per self-mined Bitcoin 3 $67,354 $49,080
Electrical energy value per self-mined Bitcoin $13,798 $13,968
Common working hash charge (EH/s) 4 7.6 7.5

Administration commentary

“Along with changing earlier technology miners, Lake Mariner deployed third-party firmware to a good portion of our mining fleet throughout March. Preliminary outcomes point out a possible 10% enhance in effectivity. ,” mentioned Sean Farrell, senior vice chairman of operations at TeraWulf.

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Farrell continued, “As well as, Lake Mariner continues to be proactive in our demand response packages. The current growth of eligible capability throughout the NYISO Working Reserve Program displays our continued dedication to operational effectivity and useful resource administration.” It displays our efforts.”

Manufacturing and operations updates

The operational infrastructure capability consists of 160 MW on the Lake Mariner facility and 50 MW on the Nautilus cryptomine, leading to a complete self-mining hash charge of 8 EH/s as of the tip of March. On common, mining services operated at 95% of put in nameplate capability. This is because of our energetic participation in demand response, our dedication to efficiency optimization, and our systematic upkeep procedures.

Building of Constructing 4 (35 MW) on the Mariner Lake facility is on monitor for completion by mid-2024, which is anticipated to extend TeraWulf's whole operational capability to roughly 10 EH/s.

As beforehand introduced, the corporate is pursuing potential large-scale excessive efficiency computing (HPC) initiatives at its Mariner Lake website, with an preliminary 2 MW block of energy able to deploying hundreds of newest technology graphics processing models. I put it in (GPU).

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