TeraWulf reports June 2023 production and operations update

TeraWulf provided an unaudited monthly production and operations update for June 2023. Self-mined 347 bitcoin in June with an average production rate of 11.6 bitcoin per day. As with prior months, all self-mined BTC in June was sold generating proceeds of approximately $9.6M. Power cost averaged $9.3k per bitcoin produced, or approximately $0.035/kWh in June. Fully commissioned Building 2 at the Lake Mariner facility and achieved 110 MW of self-mining capacity sitewide. Deployed fleet of over 50,000 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. In June, TeraWulf announced its achievement of 5.5 EH/s of operating capacity with the completion of Building 2 at its Lake Mariner facility. In the coming weeks, the company will activate its remaining slots to bring Lake Mariner’s self-mining hash rate to a total of 3.6 EH/s and the total self-mining hash rate to 5.5 EH/s and 160 MW of capacity across its two sites. As of June 30, 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 – 5,000 of which are hosted – and 16,000 self-miners at the nuclear-powered Nautilus facility in Pennsylvania.