August 2023 Highlights: Self-mined 330 bitcoin in August with an average production rate of 11 bitcoin per day. Power cost averaged $10.3k per bitcoin produced, or approximately $0.036/kWh in August. Qualified for 10-minute spinning reserve ancillary service program at the Lake Mariner facility. “During the month of August, the Company mined 330 bitcoin, which was in line with July’s production despite network factors including a 6.3% increase in network difficulty month over month,” said Sean Farrell, SVP of Operations at TeraWulf. “Additionally, improved performance at the Lake Mariner facility due to enhanced miner repair efforts was offset by two planned transmission outages at Nautilus in early August totaling approximately three days to further augment long term energy supply reliability,” added Farrell.
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