**TeraWulf to Launch New Bitcoin Mining Facility in September**
TeraWulf, the sixth-largest Bitcoin mining firm globally, is gearing up to launch a new 2-megawatt Bitcoin mining facility, dubbed WULF Den, at the start of September. According to co-founder Nazar Khan, the facility's liquid-cooled design and construction within an existing structure expedited its completion.
**Future Expansion Plans**
This launch precedes a significant milestone: a 20-megawatt facility set to go live by the end of 2024.
**Potential Tech Partnerships**
TeraWulf is in talks with major tech companies, including members of the "Magnificent Seven" like Alphabet, Amazon, and Apple, to explore potential partnerships. The goal is to find a partner capable of utilizing 100MW or 200MW of capacity.
**Profitability Insights**
TeraWulf is noted for its profitability, spending around $40,000 to mine one Bitcoin. This cost-efficiency allows them to sell Bitcoin daily, contrasting with Marathon Digital Holdings' strategy of holding onto their Bitcoin reserves.