TeraWulf (WULF) Issues December 2023 Production and Operations Updates

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TeraWulf Announces December 2023 Production and Operations Updates

January 3, 2024 1:41 PM EST

Self-mined 334 BTC in December for a total of 3,401 BTC mined year-to-date

Building 3 at Lake Mariner operationally ready with deployment of 18,500 S19j XP miners expected in February 2024

Planning for additional growth with construction of Building 4 already underway

Expansion of existing HPC project supporting generative AI planned for 2024

Expect to repay approximately $14 million of debt with cash generated in Q4 2023, with an $11 million repayment expected in January 2024

EASTON, Md., Jan. 03, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq:... More