TeraWulf’s Bitcoin Mining Facility has 50 MW of mining capacity

Paul Prager, CEO and founder of TeraWulf shared in his recent tweet that his team has reached “4.20 EH/s of operational mining capacity, today!”

TeraWulf’s Bitcoin Mining Facilities

TeraWulf has two Bitcoin mining facilities, Lake Mariner and Nautilus Cryptomine. According to the official website, these facilities are vertically integrated and environmentally friendly state-of-the-art Bitcoin mining facilities.

Nautilus Cryptomine

This mining facility started operations in February 2023, and uses 100% zero carbon energy. Nautilus Cryptomine has 50 MW of mining capacity attributable to TeraWulf plus 50 MW expansion option. While you have a fixed electricity cost of $0.002/kWh. For the Q2 2023 targets, infrastructure capacity is 50 MW, total hash rate capacity is 1.9 EH/s and total mining capacity is 16,000.

Lake Mariner

This mining facility is powered by hydropower and nuclear power. It started operations in March 2022 and uses more than 91% zero carbon energy. It also has an additional 80 MW of ready-to-use expansion capacity. while it has set the target of 500 MW of future mining capacity. For the Q2 2023 targets, the infrastructure capacity is 110 MW, the total hash rate capacity is 3.6 EH/s and the total mining capacity is 34,000.

According to TeraWulf, the company is committed to achieving a target cost of $0.035/kWh for power, which is 30% less than the industry average. The company also focuses on 100% zero-carbon energy, as its core focus on ESG is essential to generating environmentally sustainable Bitcoin on an industrial scale.

TeraWulf has raised $420 million, $161 million in debt and $259 million in equity to execute its long-term strategy.

WULF share price analysis

TeraWulf Inc (WULF) stock price closed in the previous trade at the price of $1.43, with a decrease of 2.05%. Meanwhile, it recorded more than 110% increase in its year-to-date price and almost 119.26% increase in one month. The analysts have a one-year price target of $1.67, which is almost 16% up from the recent trading price.

The pre-market price of WULF stock which is $1.40 already surpassed the 20-day, 50-day and 100-day EMA. The RSI for this stock is at 67.10, which is close to the overbought region.

Disclaimer

The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while graduating. A keen observer of detail, he shares his passion for writing alongside being a developer. His backend knowledge of blockchain helps him bring a unique perspective to his writing

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