Business
TeraWulf Announces November 2022 Production and Operations Updates
Deployed fleet of 17,500 miners achieving hash rate capacity of 2.0 EH/s as of November 30, 2022 Cost of Power Decreased 45% to $6k per BTC in November from
About this update from Terawulf Inc.
[{"type":"text","content":"\nDeployed fleet of 17,500 miners achieving hash rate capacity of 2.0 EH/s as of November 30, 2022\n\nCost of Power Decreased 45% to $6k per BTC in November from $11k per BTC in October 2022\n\nEnergization of the Nautilus Cryptomine Facility Remains On Target for Q1 2023 with additional 15,000 miners\n\n EASTON, Md.--(BUSINESS WIRE)--\nTeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided an unaudited monthly production and operations update for November 2022.\n\nNovember 2022 Highlights\n\n\nSelf-mined 134 Bitcoin in November 2022, an increase of approximately 13% as compared to October 2022 production of 119 Bitcoin\n\n\nCost of power declined sequentially in November 2022 to approximately $0.035/kWh as compared to approximately $0.058/kWh in October 2022 and approximately $0.089/kWh in Q3 2022\n\n\nRemains on track to realize blended cost of power of approximately $0.035/kWh, comprised of approximately $0.045/kWh at the Lake Mariner facility and $0.02/kWh fixed at the Nautilus Cryptomine facility\n\n\nDeployed fleet of 17,500 miners achieving hash rate capacity of 2.0 EH/s as of November 30, 2022\n\n\nAverage operating hash rate of 1.9 EH/s in November 2022, an increase of nearly 20% as compared to October’s average operating hash rate of 1.6 EH/s\n\n\n\n\nKey Metrics\n\n\n\nQ3 2022\n\n\n\nOctober 2022\n\n\n\nNovember 2022\n\n\n\n\n\nBitcoin (Self-Mined)\n\n\n\n117\n\n\n\n119\n\n\n\n134\n\n\n\n\n\nSelf-Mining Revenue ($M)\n\n\n\n$2.4\n\n\n\n$2.3\n\n\n\n$2.4\n\n\n\n\n\nHosting Revenue ($M)\n\n\n\n$1.4\n\n\n\n$0.9\n\n\n\n$0.7\n\n\n\n\n\nPower Cost ($M)\n\n\n\n$4.8\n\n\n\n$2.0\n\n\n\n$1.4\n\n\n\n\n\nAvg. Operating Hash Rate (EH/s)\n\n\n\n0.7\n\n\n\n1.6\n\n\n\n1.9\n\n\n\n\n\nRevenue per Bitcoin\n\n\n\n$20,657\n\n\n\n$19,646\n\n\n\n$17,617\n\n\n\n\n\nPower Cost per Bitcoin\n\n\n\n$20,732\n\n\n\n$11,060\n\n\n\n$6,151\n\n\n\n\nProduction and Operations Update\n\nAs of November 30, 2022, the Company operated approximately 17,500 Bitcoin miners with hash rate capacity of approximately 2.0 EH/s. Of these miners, approximately 11,000 are wholly owned with a hash rate capacity of approximately 1.3 EH/s. The remaining approximately 6,500 miners are hosted, for which the Company receives a hos...