TeraWulf Announces August 2023 Production And Operations Updates; Self-Mined 330 BTC In August For A Total Of 2,101 BTC Mined Year To Date
Portfolio Pulse from Happy Mohamed
TeraWulf Inc. (NASDAQ:WULF) has released its unaudited monthly production and operations update for August 2023. The company mined 330 bitcoins in August, bringing the total to 2,101 BTC mined year to date. The average production rate was 11 bitcoins per day, with a power cost averaging $10.3k per bitcoin produced. The company is expanding its Lake Mariner facility, with completion targeted for year-end 2023.
September 05, 2023 | 3:40 pm
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TeraWulf's successful mining operations and ongoing expansion of its Lake Mariner facility could potentially boost investor confidence.
TeraWulf's successful mining of 330 bitcoins in August and its ongoing expansion of its Lake Mariner facility indicate a strong operational performance. This could potentially boost investor confidence and have a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100