TeraWulf Announces November 2024 Production and Operations Update
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TeraWulf Inc. (Nasdaq: WULF) announced its November 2024 production and operations update, highlighting significant progress in its digital infrastructure. The company completed critical electrical upgrades, installed 7,400 S21 Pro miners, and achieved an 8.4 EH/s operational self-mining capacity, marking a 68% year-over-year increase.
December 03, 2024 | 9:30 pm
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TeraWulf Inc. reported a 68% year-over-year increase in operational self-mining capacity, completing critical electrical upgrades and installing 7,400 S21 Pro miners. The company remains on track to deliver 72.5 MW of HPC hosting capacity by mid-2025.
The completion of electrical upgrades and installation of new miners significantly enhances TeraWulf's operational capacity, indicating strong growth potential. The 68% increase in self-mining capacity is a positive indicator for future revenue growth, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100