TeraWulf achieves 5.5 EH/s, 160 MW of bitcoin mining capacity

TeraWulf announced the Company has successfully achieved 5.5 EH/s and 160 MW of operating capacity following the completion of Building 2 at its wholly-owned Lake Mariner facility in New York. TeraWulf can significantly expand mining operations at its existing sites. The Lake Mariner facility can expand by another 100 MW in the near term and up to 500 MW in total. At the nuclear-powered Nautilus facility, TeraWulf retains the option to expand its mining capacity by 50 MW. “Our two sites were strategically developed with expansion potential as a key characteristic. Everything from our power import capacity to the layout of our warehouses and racks is designed to grow,” said Paul Prager, Chairman and CEO of TeraWulf. “Scalability and adaptability are vital, and our Lake Mariner and Nautilus facilities possess both. With today’s announcement, having achieved 5.5 EH/s and 160 MW of Bitcoin mining capacity as promised, we look forward to now setting our sights on future growth.”