TeraWulf Announces October 2023 Production and Operations Updates
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.
- “During October, the Company mined 314 bitcoin, a slight decrease from September’s bitcoin production, due to unfavorable network factors including a substantial 9.3% month-over-month increase in network difficulty,” said Sean Farrell, SVP of Operations at TeraWulf.
- We have recently undergone a slight reorganization of site resources aimed at maximizing miner inventory and slot utilization.
- On October 2, Lake Mariner entered a planned outage to transition from a temporary substation feed to a permanent feed.
- Lake Mariner returned to full operations on October 6 and operated at +95% of targeted self-mining capacity for the remainder of the month.