TeraWulf Announces September 2023 Production And Operations Updates; Self-Mined 329 BTC In September For Total Of 989 BTC In Q3 2023 And 2,430 BTC Mined Year-To-Date
Portfolio Pulse from Benzinga Newsdesk
TeraWulf Inc. (NASDAQ:WULF) announced its September 2023 production and operations updates. The company mined 329 BTC in September, bringing the total to 989 BTC in Q3 2023 and 2,430 BTC year-to-date. It generated approximately $6.5 million of free cash flow in Q3 2023, which will be used to repay debt. The company also participated in multiple demand response programs at the Lake Mariner facility.
October 03, 2023 | 12:36 pm
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TeraWulf's successful mining operations and generation of significant free cash flow for debt repayment could positively impact its stock. The company's participation in demand response programs also demonstrates its commitment to sustainable operations.
TeraWulf's successful mining operations and generation of significant free cash flow for debt repayment could positively impact its stock. The company's participation in demand response programs also demonstrates its commitment to sustainable operations, which could attract environmentally conscious investors and further boost its stock.
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