Exciting Update from TeraWulf Inc. for March 2024
Monthly Production and Operations Update
TeraWulf Inc. (Nasdaq: WULF) is pleased to provide an unaudited monthly production and operations update for March 2024.
March 2024 Production and Operations Highlights
- Self-Mined Bitcoin: In March, TeraWulf self-mined 379 bitcoin at an average rate of 12.2 bitcoin per day.
- Power Cost: The power cost per self-mined bitcoin averaged $13,798 or approximately $0.035/kWh in March.
- Installed Hash Rate: The installed hash rate increased to 8 EH/s by the end of March due to the addition of new S19k Pro miners.
- Upcoming Expansion: In early April, 3,000 more S19k Pro miners will be deployed at the Lake Mariner facility.
Key Metrics for March 2024
| Bitcoin Self-Mined Lake Mariner | 290 | 276 | ||
| Bitcoin Self-Mined Nautilus | 89 | 88 | ||
| Value per Bitcoin Self-Mined | $67,354 | $49,080 | ||
| Power Cost per Bitcoin Self-Mined | $13,798 | $13,968 | ||
| Avg. Operating Hash Rate (EH/s) | 7.6 | 7.5 | ||
Insight from Management
Sean Farrell, SVP of Operations at TeraWulf, highlighted the efficiency improvements achieved through firmware updates and participation in demand response programs.
He added, “Our commitment to operational efficiency is evident in our proactive approach to resource management.”
Production and Operations Update
TeraWulf’s operational infrastructure encompasses 160 MW at Lake Mariner and 50 MW at Nautilus Cryptomine, resulting in a combined hash rate of 8 EH/s by March’s end.
Construction of Building 4 at Lake Mariner is progressing, expected to boost operational capacity to 10 EH/s by mid-2024.
Additionally, plans for a high-performance computing project at Lake Mariner indicate further growth opportunities for TeraWulf.
