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Seeking Alpha 2023-04-06 14:03:27

TeraWulf increases operating hash rate by 50% in March

TeraWulf ( NASDAQ: WULF ) said on Thursday its March average operating hash rate increased by 50% on a monthly basis to 3.0 EH/s. The bitcoin mining company self-mined 233 bitcoin during the month, with an average production rate of 7.5 bitcoin per day. TeraWulf said its power cost remained consistent with the target of $0.035/kWh across its two mining sites, with an average cost of $7.0k per bitcoin produced, or ~$0.032/kWh. As of March 31, the company had an operational miner fleet of ~27.2K miners. Source: Press Release

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