TeraWulf Announces October 2023 Production and Operations Updates

TeraWulf Announces October 2023 Production and Operations Updates

Self-mined 314 BTC in October for a total of 2,744 BTC mined year-to-date.
Continued to participate in multiple demand response programs at the Lake Mariner facility.
EASTON, Md., Nov. 02, 2023 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided an unaudited monthly production and operations update for October 2023.
October 2023 Highlights        
Self-mined 314 bitcoin in October with an average production rate of over 10 bitcoin per day.After a planned outage during the first week of October, achieved greater than 95% of targeted self-mining operational hash rate.Power cost averaged $10.8k per bitcoin produced, or approximately $0.034/kWh in October.
Key Metrics 1October 2023 Bitcoin Self-Mined 2 314 Value per Bitcoin Self-Mined 3$29,527 Power Cost per Bitcoin Self-Mined$10,813

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