TeraWulf Says On Track To Reach ~10.2 EH/s In Q3 2024, With Plans To Grow To ~13.3 EH/s By Q1 2025
Portfolio Pulse from Benzinga Newsdesk
TeraWulf announced it is on track to reach approximately 10.2 EH/s in hashing power by Q3 2024 and plans to expand to about 13.3 EH/s by Q1 2025.
May 13, 2024 | 8:26 pm
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POSITIVE IMPACT
TeraWulf's announcement of its expected growth in hashing power to 10.2 EH/s by Q3 2024 and further to 13.3 EH/s by Q1 2025 indicates a significant expansion in its mining capabilities.
The announcement directly pertains to TeraWulf's operational capabilities and future growth prospects. Such significant increases in hashing power are likely to enhance the company's mining efficiency and potential revenue, positively impacting investor sentiment and potentially the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100