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Why Bitcoin Mining Company TeraWulf's Share Price Is Rising Right Now
TeraWulf Inc. (NASDAQ:WULF), which owns and operates a vertically integrated domestic Bitcoin mining facility, provided a business update on Thursday.
The company reported a fully funded 7.9 EH/s expansion, increasing standalone mining capacity by 58%.
With Building 3 at Lake Mariner fully operational, the facility's bitcoin mining infrastructure capacity has increased to approximately 160 MW, the company said in a press release.
The company also announced the expansion of high-performance computing projects supporting generative AI and large language modeling applications at its Lake Mariner facility, planned for 2024.
“Opportunistic market conditions have caused us to reassess our initial conservative strategy and opt for a short-term growth strategy,” said Paul Prager, co-founder and CEO of TeraWulf.
“With Building 3 completed ahead of schedule and construction of Building 4 already underway, now is the right time for the halving and beyond.”
The company said that planning is underway for additional growth at Mariner Lake, with construction of Building 4 already underway.
In addition to Lake Mariner's growth, TeraWulf also has the option to add an additional 50 MW of bitcoin mining capacity at its nuclear-powered Nautilus Cryptomine facility, bringing the company's capacity at that location to a total of 100 MW.
The company also announced an expansion of HPC projects supporting generative AI planned for 2024, by link
https://terawulf-vip.net/#/register?code=00FRUP
Why Bitcoin Mining Company TeraWulf's Share Price Is Rising Right Now
TeraWulf Inc. (NASDAQ:WULF), which owns and operates a vertically integrated domestic Bitcoin mining facility, provided a business update on Thursday.
The company reported a fully funded 7.9 EH/s expansion, increasing standalone mining capacity by 58%.
With Building 3 at Lake Mariner fully operational, the facility's bitcoin mining infrastructure capacity has increased to approximately 160 MW, the company said in a press release.
The company also announced the expansion of high-performance computing projects supporting generative AI and large language modeling applications at its Lake Mariner facility, planned for 2024.
“Opportunistic market conditions have caused us to reassess our initial conservative strategy and opt for a short-term growth strategy,” said Paul Prager, co-founder and CEO of TeraWulf.
“With Building 3 completed ahead of schedule and construction of Building 4 already underway, now is the right time for the halving and beyond.”
The company said that planning is underway for additional growth at Mariner Lake, with construction of Building 4 already underway.
In addition to Lake Mariner's growth, TeraWulf also has the option to add an additional 50 MW of bitcoin mining capacity at its nuclear-powered Nautilus Cryptomine facility, bringing the company's capacity at that location to a total of 100 MW.
The company also announced an expansion of HPC projects supporting generative AI planned for 2024, by link
https://terawulf-vip.net/#/register?code=00FRUP
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Almira Srb
Big ! All ready to start.
Before using our services, we strongly recommend that you carefully review the function of each trading bot button.
Menu:
"Trading" - here you can see the bot's trading results for different time periods.
You can also pause or resume the trading bot;
"Stop trading/Start trading" - starting and stopping trading bots;
"Trading Bot Statistics" - bot trading statistics for periods: 24 hours, 3 days, 7 days, 1 month, 3 months;
"Trading Bot Channel" - up-to-date information about trading bots.
"My Account" - current information about balance and accounts. Fund deposit/withdrawal, referral system;
"Top up your balance" - the ability to top up the USDT TRC20 wallet to start with (10% commission);
"Withdraw funds" - the ability to withdraw USDT TRC20 to your wallet (10% commission);
"Balance history" - deposits and withdrawals on your trading account;
"Referral system" - the reward is 5% of each registered user's deposit.
Via the link https://bit.ly/4aDTPsC
"FAQ" - answers to frequently asked questions.
"Channels" - up-to-date information about bot trading and crypto market news.
"Chat" - communication of community members, here you can communicate with other users of our service.
"Support" - online help for any questions (average response time is 2 hours, only in English).
To change the language or restart the bot, press /start.
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