TeraWulf Inc. March 2024 Production and Operations Update
Exciting Insights into TeraWulf Inc.’s March 2024 Performance!
Self-Mined Bitcoin Production:
- Mined 379 bitcoin in March, averaging 12.2 bitcoin per day.
- Power cost stood at $13,798 per bitcoin self-mined, equivalent to $0.035/kWh.
- Installed hash rate increased to 8 EH/s due to the addition of S19k Pro miners.
- Expecting delivery of 3,000 more S19k Pro miners for further expansion at Lake Mariner.
| Key Metrics 1 | March 2024 | February 2024 |
| Bitcoin Self-Mined Lake Mariner | 290 | 276 |
| Bitcoin Self-Mined Nautilus 2 | 89 | 88 |
| Value per Bitcoin Self-Mined 3 | $67,354 | $49,080 |
| Power Cost per Bitcoin Self-Mined | $13,798 | $13,968 |
| Avg. Operating Hash Rate (EH/s) 4 | 7.6 | 7.5 |
Insightful Management Comments:
Sean Farrell, SVP of Operations at TeraWulf, said, “In March, we made strategic upgrades and optimizations, including new firmware and engaging in demand response programs. We’re committed to maximizing efficiency.”
Operational Update:
Facilities at Lake Mariner and Nautilus Cryptomine hold 160 MW and 50 MW, respectively, with a combined hash rate of 8 EH/s. Operations ran at 95% capacity in March due to demand response efforts and maintenance.
Future Expansion:
Construction of Building 4 at Lake Mariner is on track for mid-2024 completion, boosting operational capacity to 10 EH/s. Plans for a large-scale HPC project at Lake Mariner are in progress, with an initial 2 MW allocated for high-performance computing deployment.
Stay tuned for more updates from TeraWulf Inc. as they continue to innovate and lead in the cryptocurrency mining industry!
