TeraWulf reports July 2023 production, operations update

TeraWulf provided an unaudited monthly production and operations update for July 2023. July 2023 Highlights: Self-mined 330 bitcoin in July with an average production rate of 10.6 bitcoin per day. Power cost averaged $12k per bitcoin produced, or approximately $0.042/kWh in July. Delivered the highest monthly self-mining revenue in WULF history despite July’s challenging weather and grid conditions. During July, the Company completed installing its remaining miners to completely utilize available capacity and bring Lake Mariner’s operational hash rate to a total of 3.6 EH/s, and the Company’s total operational hash rate to the full 5.5 EH/s and 160 MW of capacity across its two sites. As of July 31, 2023, the Company had an operational miner fleet of approximately 50,000 of the latest generation miners, comprised of 34,000 miners at its wholly owned Lake Mariner facility in New York and 16,000 self-miners at the nuclear-powered Nautilus facility in Pennsylvania.