"TeraWulf achieves record-breaking Bitcoin production in December 2024, showcasing 94% mining capacity growth and a steadfast commitment to sustainable and diversified operations."

TeraWulf Inc. (Nasdaq: WULF), a leading operator of environmentally sustainable digital infrastructure, reported a significant increase in Bitcoin production for December 2024. The company self-mined 158 Bitcoin during the month, averaging approximately 5.1 Bitcoin per day. This brings their total to 2,728 Bitcoin for the year and 423 in the fourth quarter.

The company achieved an installed self-mining capacity of 9.7 exahashes per second (EH/s), marking a 94% increase compared to the same period last year. This expansion reflects TeraWulf's commitment to scaling its operations and enhancing its mining capabilities.

In addition to mining operations, TeraWulf secured high-performance computing (HPC) data center leases with Core42 for over 70 megawatts (MW) of digital infrastructure. These agreements represent potential revenue exceeding $1 billion over an initial 10-year term, underscoring the company's strategic diversification into HPC hosting.

Construction of Miner Building 5 (MB-5), a 50 MW facility, is progressing on schedule, with completion targeted for mid-first quarter 2025. This development is expected to further boost TeraWulf's operational capacity and support its growth objectives.

TeraWulf's operational Bitcoin mining capacity now stands at 195 MW, with an average hash rate of 8.4 EH/s in December. The company continues to leverage predominantly zero-carbon energy sources, including hydroelectric and nuclear power, aligning with its commitment to environmental sustainability.

These developments highlight TeraWulf's ongoing efforts to expand its digital infrastructure and mining operations while maintaining a focus on sustainable energy practices.
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🚀 TeraWulf: Leading the Charge in Sustainable Crypto Mining & AI Integration! 🌍💡

🔹 New Strategic Partnership: TeraWulf has partnered with G42’s Core42 to lease 70+ MW of data center infrastructure, boosting its operations and supporting AI-driven high-performance computing (HPC) workloads! This expansion enhances both crypto mining and AI capabilities. 🖥️🔌

🔹 Operational Milestones: With electrical upgrades complete, TeraWulf is on track to deliver 72.5 MW of hosting capacity by Q1 2025, further solidifying its position in the green crypto mining space. 🌱⚡

🔹 Impact on Bitcoin's Momentum: As TeraWulf expands its sustainable mining capacity, it strengthens the Bitcoin network by improving efficiency and reducing environmental impact. This helps enhance investor confidence and market stability, positively influencing Bitcoin’s long-term momentum. 📈💎

🔹 Stock Performance: TeraWulf continues to make waves, with its stock currently trading at $5.53, despite market challenges—reflecting ongoing growth and expansion potential. 📊🔋

TeraWulf is shaping the future of cryptocurrency mining and AI tech. Invest in the future, invest sustainably! 🌍🚀

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TeraWulf Achieves Significant Milestones in May 2024 Bitcoin Mining Update
TeraWulf Inc. reported a notable increase in its bitcoin mining capacity and operations for May 2024. The company mined 186 bitcoins during the month, reflecting the first full month of reduced block rewards post-April halving. This resulted in an average production rate of about 6 bitcoins per day. TeraWulf's power cost per bitcoin mined was $31,239, with an average power rate of $0.039/kWh, according to Terawulf.The company achieved a significant milestone with an installed and operational self-mining capacity reaching 8.0 EH/s, an 82% year-over-year increase. TeraWulf's Lake Mariner facility is on track to complete Building 4 in June, which will house around 10,000 of Bitmain’s latest S21 and S21 Pro miners. This expansion is expected to boost the company's total operational capacity to over 10.0 EH/s in the second half of 2024.Additionally, TeraWulf is advancing a 2.0 MW AI/HPC digital infrastructure pilot at Lake Mariner, designed to accommodate next-generation GPU technology.This pilot focuses on innovative features and strong data security measures, meeting SOC 2 standards.
Operational highlights for May included the deployment of 160 MW capacity at Lake Mariner and 50 MW at the Nautilus facility, maintaining an overall self-mining hash rate of approximately 8.0 EH/s. Despite facing temporary performance reductions due to breaker trips and fan blade installations at Nautilus, the facility's performance was optimized.Looking ahead, TeraWulf plans to optimize a 50 MW modular building for Building 5, anticipated to be online in Q1 2025. The company’s commitment to using 95% zero-carbon energy resources, including nuclear, hydro, and solar, underscores its focus on environmentally clean bitcoin mining operations.
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