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TeraWulf Announces April 2023 Production and Operations Updates
Increased hash rate capacity by over 21% month-over-month to 4 EH/s as of April 30, 2023. Self-mined 239 BTC in April and 771 BTC year to date in 2023. Fully
About this update from Terawulf Inc.
[{"type":"text","content":"\nIncreased hash rate capacity by over 21% month-over-month to 4 EH/s as of April 30, 2023.\n\n\nSelf-mined 239 BTC in April and 771 BTC year to date in 2023.\n\n\nFully deployed 50 MW of self-mining capacity at the Nautilus facility ahead of schedule.\n\n\n EASTON, Md.--(BUSINESS WIRE)--\nTeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided an unaudited monthly production and operations update for April 2023.\n\n\nApril 2023 Highlights\n\n\n\nFully energized its 50 MW stake at the Nautilus facility, the first Bitcoin mining facility powered by 100% nuclear power in the U.S.\n\n\n\nSelf-mined 239 bitcoin in April with an average production rate of 8 bitcoin per day.\n\n\n\nPower cost averaged $7.6k per bitcoin produced, or approximately $0.030/kWh in April.\n\n\n\nDeployed fleet of 34,500 miners, comprised of 18,500 miners at its wholly owned Lake Mariner facility in New York and 16,000 self-miners at the nuclear-powered Nautilus facility in Pennsylvania.\n\n\n\nCompleting construction on Building 2 at the Lake Mariner facility, where an additional 50 MW of self-mining capacity remains on target to come online in Q2 2023.\n\n\n\n\n\nKey Metrics 1\n\n\n\n\n\n\nApril 2023\n\n\n\n\n\n\n\n\nBitcoin Self-Mined 2\n\n\n\n\n\n\n239\n\n\n\n\n\n\n\n\nSelf-Mining Revenue Equivalent ($M) 3\n\n\n\n\n\n\n$6.9\n\n\n\n\n\n\n\n\nHosting Revenue ($M) 4\n\n\n\n\n\n\n$0.4\n\n\n\n\n\n\n\n\nPower Cost ($M) 5\n\n\n\n\n\n\n$2.0\n\n\n\n\n\n\n\n\nAvg. Operating Hash Rate (EH/s)6\n\n\n\n\n\n\n3.3\n\n\n\n\n\n\n\n\nRevenue per Bitcoin\n\n\n\n\n\n\n$28,808\n\n\n\n\n\n\n\n\nPower Cost per Bitcoin\n\n\n\n\n\n\n$7,602\n\n\n\n\n\n\n\n________________________________\n\n\n\n\n1 Unaudited monthly results are based on estimates, which remain subject to standard month end adjustments. The Company’s share of the earnings or losses of the Nautilus facility is reflected in the caption “Equity in net loss of investee, net of tax” in the consolidated statements of operations. Operations at Nautilus do not impact the revenue or cost of goods sold lines in TeraWulf’s consolidated statements of operations.\n\n\n\n\n\n\n\n\n2 Includes BTC earned from profit sharing associated with short-term hosting agreement at the Lake Mariner...