Welcome to our dedicated page for Terawulf news (Ticker: WULF), a resource for investors and traders seeking the latest updates and insights on Terawulf stock.
TeraWulf Inc (WULF) operates at the forefront of sustainable bitcoin mining and digital infrastructure development. This news hub provides investors and industry observers with timely updates on the company's zero-carbon energy initiatives, mining operations, and strategic partnerships.
Access comprehensive coverage of TeraWulf's milestones including quarterly earnings reports, facility expansions, energy efficiency innovations, and leadership updates. Our curated collection features verified press releases and objective analysis of the company's progress in merging high-performance computing with environmentally responsible practices.
Key updates focus on WULF's nuclear-powered mining operations, hydroelectric energy utilization, and advancements in bitcoin mining efficiency. Track developments in miner hosting services, infrastructure upgrades, and ESG compliance achievements through our organized news feed.
Bookmark this page for streamlined access to TeraWulf's latest operational metrics and industry positioning. Check back regularly for authoritative reporting on how WULF continues to redefine sustainable digital asset infrastructure through its commitment to 90%+ zero-carbon energy consumption.
TeraWulf announced its June 2024 production and operations update, highlighting substantial progress and growth. The company reported mining 177 bitcoins in June, averaging 5.9 BTC per day, with an operating capacity increase to 8.8 EH/s, marking a 76% year-over-year growth.
Notable accomplishments include the near completion of Building 4 at Lake Mariner, set to elevate capacity to over 10.0 EH/s by July. Additionally, TeraWulf curtailed over 2,300 MWh through demand response, lowering power costs by $0.010/kWh and creating an equivalent value of approximately 21 BTC.
Significant construction activities are ongoing, including the commencement of Building 5 and the 'WULF Den,' targeting completion by Q3 2024, alongside a 20 MW co-location pilot project expected by year-end.
The average power cost per bitcoin mined in June was $32,373, at a rate of $0.042/kWh. The Lake Mariner and Nautilus facilities reached operational capacities of 195 MW and 50 MW, respectively, despite temporary performance reductions due to high temperatures.
TeraWulf, a bitcoin mining company, announced its May 2024 production update.
The company mined 186 bitcoin, averaging 6 bitcoin per day. May marked the first full month after the April halving event, which reduced block rewards.
TeraWulf's self-mining capacity reached 8.0 EH/s, an 82% year-over-year increase.
The average power cost per bitcoin mined was $31,239, based on a $0.039/kWh rate.
Construction of Building 4 at Lake Mariner, which will house 10,000 S21 and S21 Pro miners, is set for completion in June 2024, expected to boost capacity to over 10.0 EH/s in the second half of 2024.
The company is also advancing a 2.0 MW AI/HPC pilot at Lake Mariner with next-gen GPU technology and SOC 2 standards.
TeraWulf (NASDAQ: WULF) reported its Q1 2024 financial results, showcasing significant growth and operational milestones. The company self-mined 1,057 bitcoins, an 8.9% increase over Q4 2023, and boosted its total installed hashrate to 8.0 EH/s. Revenue surged by 82.2% to $42.4 million, while gross profit soared 95.3% to $28.0 million. The adjusted EBITDA for the quarter reached $32.0 million, a 95.4% rise from the previous quarter. TeraWulf also paid down $63.6 million of debt so far in 2024. The firm aims to expand its hashrate to 10.2 EH/s by Q3 2024 and 13.3 EH/s by Q1 2025. Additionally, it has entered agreements to purchase new mining equipment and is expanding its infrastructure with new facilities at its Lake Mariner and Nautilus Cryptomine sites.
TeraWulf Inc. (Nasdaq: WULF) announced its April 2024 production and operations update, revealing the mining of 348 bitcoins with 8.0 EH/s of self-mining capacity. The company achieved a 98% utilization rate and is nearing completion of Building 4 at Lake Mariner, set to reach 10.0 EH/s by mid-2024.
TeraWulf Inc. (Nasdaq: WULF) schedules a conference call for the first quarter 2024 financial results on May 13, 2024, at 5:00 p.m. ET. The U.S.-based bitcoin mining company, powered by over 91% zero-carbon energy, will issue a press release on the same day.
TeraWulf Inc. (Nasdaq: WULF) will participate in various upcoming industry events with senior management for networking and business development opportunities. The events include AIM Summit London 2024, DC Blockchain Summit 2024, B. Riley Securities 24th Annual Institutional Investor Conference, Consensus 2024, Northland Growth Conference 2024, and Bitcoin 2024. TeraWulf focuses on Bitcoin mining using zero-carbon energy sources.
FAQ
What is the current stock price of Terawulf (WULF)?
What is the market cap of Terawulf (WULF)?
