TeraWulf Announces May 2024 Production And Operations Update; Mined 186 Bitcoin In May, Reflecting The First Full Month Of Reduced Block Rewards Following The April Halving Event, With An Average Production Rate Of ~6 Bitcoin Per Day
Portfolio Pulse from Benzinga Newsdesk
TeraWulf Inc. (NASDAQ:WULF) announced its May 2024 production and operations update, highlighting the mining of 186 Bitcoin, an 82% year-over-year increase in self-mining capacity to 8.0 EH/s, and advancements in their AI/HPC digital infrastructure pilot.
June 04, 2024 | 12:21 pm
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TeraWulf Inc. mined 186 Bitcoin in May 2024, reflecting the first full month of reduced block rewards following the April Halving event. The company also reported an 82% year-over-year increase in self-mining capacity to 8.0 EH/s and advancements in their AI/HPC digital infrastructure pilot.
The increase in self-mining capacity and the successful mining of 186 Bitcoin despite reduced block rewards are positive indicators for TeraWulf's operational efficiency and growth. Additionally, advancements in their AI/HPC pilot suggest future potential in digital infrastructure, which could attract more investors.
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