TeraWulf provided an unaudited monthly production and operations update for August 2024. Self-Mined Bitcoin: TeraWulf mined 184 bitcoin in August, achieving an average production rate of approximately 5.9 bitcoin per day. Operating Capacity: The Company’s installed and operational self-mining capacity reached approximately 10.0 EH/s, representing a 100.0% increase year-over-year. Power Cost: The average cost per bitcoin mined was $35,407 in August, reflecting an approximate rate of $0.044/kWh. This excludes the benefit from expected demand response and ancillary services proceeds, which are anticipated to be substantial, as outlined below. Demand Response: TeraWulf’s Lake Mariner facility curtailed over 1,200 MWh in August as part of its demand response activities.
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