EASTON, Md.–(BUSINESS WIRE)–$WULF #Bitcoin–TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more...
Tag: TeraWulf
TeraWulf Announces February 2023 Production and Operations Updates
Increased self-mining hash rate capacity by > 82% month-over-month to 2.6 EH/s as of February 28, 2023. Energized Nautilus Cryptomine, the first nuclear-powered bitcoin mining facility in the U.S.,...
TeraWulf Kickstarts Bitcoin Mining at Nautilus Cryptomine Facility with 8,000 Rigs
TeraWulf is currently on an aggressive expansion and is planning to have a total operational capacity of 50,000 miners (5.5 EH/s) in early Q2 2023, which is nearly 160MW of power demand. US-based Bitc...
Terawulf erects first nuclear bitcoin mine in USA
To promote the use of clean energy in crypto, the bitcoin (BTC) mining company Terrawulf has put its name in the history books as one of the first builders of a nuclear-powered nuclear mining facility...
Bitcoin Mining Firm TeraWulf Utilizes Nuclear Energy in Pennsylvania
10 seconds ago | 2 mins read Bitcoin News The plant with a hash rate capable of 1.0 EH/s, is currently running on 100% nuclear energy. Almost 8,000 miners are employed by the mining company. Bitcoin’...
TeraWulf Launches America’s First 100% Nuclear-Powered Bitcoin Mining Facility In Pennsylvania
The chief obstacle for bitcoin mining has shifted from solely procuring top-of-the-line mining equipment due to the closure of Chinese miners amidst regulatory restrictions, leading to a surplus of av...
TeraWulf Announces Energization and Rapid Deployment of Mining Operations at the Nautilus Facility in Pennsylvania
First behind-the-meter bitcoin mining facility powered by 100% nuclear power at scale in the U.S. TeraWulf benefits from a fixed power cost at Nautilus of only $0.02 per kilowatt hour for five years. ...
TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option
EASTON, Md.–(BUSINESS WIRE)–$WULF #Bitcoin–TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more...
TeraWulf Mined More BTC in January Due to Reduced Power Costs
The US-based cryptocurrency miner TeraWulf produced 157 BTC in January, a 25.6% increase compared to December. Snow blizzards towards the end of 2022 crippled its operations and increased electricity...
TeraWulf Announces January 2023 Production and Operations Updates
Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022 Deployed fleet of 18,000 miners exceeding hash rate capacity of 2.0 EH/s as of January 31, 2023 Energization of the Nautil...
TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO
EASTON, Md.–(BUSINESS WIRE)–$WULF #Bitcoin–TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more...
Bitcoin miner TeraWulf raises $32 million in equity offerings
Bitcoin miner TeraWulf raised $32 million from a public equity offering. The company also reached a “binding agreement in principle” with its existing lenders to restructure its debt...
TeraWulf Announces Beneficial Debt Modifications and Approximately $32 Million of New Equity Proceeds
Deal will Eliminate principal payments and defer amortization to April 2024 with ability to extend to maturity. Company expects to be fully funded to positive free cash flow from bitcoin mining operat...
TeraWulf Announces Proposed Public Offering of Common Stock
EASTON, Md.–(BUSINESS WIRE)–$WULF #Bitcoin–TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more...
Going Nuclear: Bitcoin Mining’s Potential Energy Future
Though the prevalence of bitcoin miners using nuclear energy at scale could take years to materialize, several players in the space are bullish on the prospect. Volatility around bitcoin and the...
TeraWulf Announces December 2022 Production and Operations Updates
Proprietary mining produced 125 Bitcoin in December ‘22, pushing Q4 ‘22 total to 378 Bitcoin, reflecting a more than 220% increase over the Bitcoin produced in Q3 ‘22 Total fleet of deployed miners re...
TeraWulf Issues an Open Letter from Chairman and CEO
EASTON, Md.–(BUSINESS WIRE)–$WULF #Bitcoin–TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more...
Argo Blockchain tumbles 38% after bankruptcy gaffe
Bitcoin mining stocks tracked by The Block showed mixed results with about half a dozen trading up and the others down. Argo Blockchain’s shares plunged 38% in the UK and 37% in the U.S. i...
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain – Mining Bitcoin News
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal...
TeraWulf shares drop 32% amid purchase agreement with Bitmain
TeraWulf, a US-based green energy bitcoin (BTC) miner, raised $10 million in financing to repay debts and announced buying more mining rigs from Bitmain. Its shares reacted with a 32% drop. In a recen...
TeraWulf Significantly Increases Expected Q1 2023 Self-Mining Hash Rate at No Additional Cost and Announces Repayment of Certain Debt
Bitmain Purchase Agreement Meaningfully Increases Self-Mining Capabilities by 8,200 miners (+23%) to 44,450 Owned Miners with an Expected Hash Rate Capacity of 5.0 EH/s Fully Utilizes Expected 160 MW...
Bitcoin miner TeraWulf ups hashrate guidance by 16%, raises $10 million as shares plummet
Bitcoin miner Terawulf will grow faster than expected into early 2023 despite industry woes as it bumped its hashrate guidance for the first quarter of next year up 16%. Shares tumbled more than 30%. ...
TeraWulf, Core Scientific among top performers
Bitcoin mining stocks tracked by The Block showed mixed results on Friday, with about half trading up and the other half down. Bitcoin prices fell slightly to around $17,100 by market close, acc...
TeraWulf shares up 27% as stocks rally
Most mining stocks tracked by The Block rose on Thursday, following bitcoin’s upward trajectory. The coin was trading at around $17,200 by market close, according to data from TradingView....
Marathon shares fall 7% after November operational update
Almost all of the bitcoin mining stocks tracked by The Block traded lower on Wednesday, and three firms saw double-digit declines. Bitcoin was trading at around $16,800 by market close, accordin...
TeraWulf Announces November 2022 Production and Operations Updates
Deployed fleet of 17,500 miners achieving hash rate capacity of 2.0 EH/s as of November 30, 2022 Cost of Power Decreased 45% to $6k per BTC in November from $11k per BTC in October 2022 Energization o...
The Block: Bitcoin mining stock report: Wednesday, November 30
Most bitcoin mining stocks tracked by The Block rose alongside Bitcoin, which returned to the $17,000 level by market close, roughly a 3.6% increase from yesterday, according to data from TradingView....
The Block: Bitcoin mining stock report: Tuesday, November 29
TeraWulf fell by 7.9% and BIT Mining rose by 7.69%, but the share price for most other bitcoin miners traded little changed on Tuesday. Bitcoin was trading at around $16,400 by market close, acc...
TeraWulf Updates Mining Operations and Cost-Reduction Initiatives
Previously Announced Initiatives Enable Operational Resiliency in a Low-Priced Bitcoin Environment Lake Mariner Operations Not Impacted by Recently Signed Moratorium in New York State EASTON, Md.–(BUS...
The Block: Bitcoin mining stock report: Wednesday, November 23
Most bitcoin mining stocks tracked by The Block traded higher on Wednesday, some by double digits. The spike took place after Gov. Kathy Hochul signed a partial cryptocurrency mining ban into New York...
Bitcoin miner TeraWulf raises $17M in Q3, but here’s the catch
Riot Blockchain reported revenue of $46.3 million for Q3 2022 Australian crypto mining group Iris Energy has received a default notice from Bitmain Technologies Bitcoin mining company TeraWulf raised ...