TeraWulf Soars to Record Revenue with 330 BTC Mined in July 2023

TeraWulf, the zero-carbon Bitcoin mining company, announced impressive July 2023 results. Despite challenging weather, it self-mined 330 BTC. Consequently, this resulted in the highest monthly self-mining revenue in its history.

The mining was at an average cost of $12k per Bitcoin. As a result, this earned the company $9.9 million in self-mining revenue. They also increased the operational hash rate to 5.5 EH/s.

In addition, the Lake Mariner facility strategically participated in demand response events. Due to a fault, it went offline but was repaired within 48 hours. Therefore, this demonstrates the team’s efficiency and adaptability.

Moreover, construction is underway for a new building to house next-generation miners. Because of this expansion, completion is targeted by the year’s end. Overall, these updates position TeraWulf well in the industry, reflecting their commitment to clean and efficient crypto mining operations.

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