TeraWulf Announces June 2023 Production And Operations Updates; Increased Hashrate Capacity By 25% MoM To 5.5 EH; Self-Mined 347 BTC In June, An 8% Increase Over May, For A Total Of 909 BTC Mined In Q2 2023 And 1,441 BTC Year To Date
Portfolio Pulse from Happy Mohamed
TeraWulf Inc. (NASDAQ:WULF) has announced its production and operations updates for June 2023. The company increased its hashrate capacity by 25% MoM to 5.5 EH/s and mined 347 BTC in June, an 8% increase over May. The total BTC mined in Q2 2023 was 909, and 1,441 BTC year to date. All self-mined BTC in June was sold, generating proceeds of approximately $9.6 million. The company also commissioned Building 2 at the Lake Mariner facility and achieved 110 MW of self-mining capacity sitewide.
July 06, 2023 | 12:34 pm
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TeraWulf's increased hashrate capacity and BTC mining could potentially boost its revenues and profitability, which may positively impact its stock price in the short term.
TeraWulf's increased hashrate capacity and BTC mining indicate an expansion in its operations, which could lead to increased revenues and profitability. This could make the company more attractive to investors, potentially leading to an increase in its stock price.
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