TeraWulf Announces October 2023 Production And Operations Updates; Self-Mined 314 BTC In October For A Total Of 2,744 BTC Mined Year-To-Date.
Portfolio Pulse from Benzinga Newsdesk
TeraWulf Inc. (NASDAQ:WULF) has released its unaudited monthly production and operations update for October 2023. The company mined 314 bitcoins in October, bringing the total to 2,744 BTC mined year-to-date. The company also participated in multiple demand response programs at the Lake Mariner facility. The power cost averaged $10.8k per bitcoin produced. The company's Lake Mariner facility is on schedule for completion by year-end.
November 02, 2023 | 9:46 pm
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TeraWulf's October production update shows a steady mining operation with a slight decrease from September due to increased network difficulty. The company's ongoing participation in demand response programs and the nearing completion of the Lake Mariner facility could potentially boost its operations.
TeraWulf's mining operation appears to be steady, despite a slight decrease in bitcoin production from September due to increased network difficulty. The company's ongoing participation in demand response programs and the nearing completion of the Lake Mariner facility could potentially boost its operations. However, the impact on the stock price in the short term is uncertain due to the volatile nature of the cryptocurrency market.
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