Increased hashrate capacity by 65% in Q1 2023 to 3.3 EH/s as of March 31, 2023.
Self-mined 533 Bitcoin in Q1 2023, an increase of 38% over the Bitcoin self-mined in Q4 2022.
Revenue per Bitcoin produced increased 28% in Q1 2023, while power cost per Bitcoin declined by 21%.
EASTON, Md., May 15, 2023 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced its unaudited financial results for the first quarter of fiscal year 2023 and provided an operational update.
First Quarter 2023 Operational and Financial Highlights
Generated revenue of $12.3 million and self-mined 533 Bitcoin in Q1 2023.Commenced mining at the Nautilus Cryptomine in February 2023, a joint venture with Cumulus Coin, LLC and the first behind the meter Bitcoin mining facility powered by 100% nuclear power in the U.S., with o
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