TeraWulf self-mines 364 bitcoin in February

TeraWulf provided an unaudited monthly production and operations update for February 2024. February 2024 Production and Operations Highlights: Self-mined 364 bitcoin in February with an average production rate of over 12.5 bitcoin per day. Power cost averaged $13,968 per bitcoin self-mined, or approximately $0.037/kWh in February, which excludes the benefit of expected demand response or ancillary services proceeds. Average operating hashrate increased 39% month-over-month to 7.5 EH/s in February. The Company foresees exiting March with a self-mining capacity surpassing 8.0 EH/s, primarily attributable to the acquisition of approximately 4,000 Bitmain S19k Pro miners in February, a portion of which are intended to replace approximately 2,000 MinerVa miners deployed at the Lake Mariner facility.