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- TeraWulf announced full deployment of 50 MW at one of its Bitcoin mining facilities.
- TeraWulf’s Bitcoin mining facility will utilize 100% zero-carbon energy.
TeraWulf Inc. (NASDAQ: WULF) made an announcement on April 20. According to the company, it has fully energized its 50 MW stake in one of its Bitcoin mining facilities, Nautilus Cryptomine. This mining facility is a joint venture of TeraWulf with Cumulus Coin, LLC.
Paul Prager, the 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. As per its official site, these facilities are vertically integrated and environmentally clean state-of-the-art Bitcoin mining facilities.
Nautilus Cryptomine
This mining facility began its operations in February 2023, and utilizes 100% zero-carbon energy. Nautilus Cryptomine has 50 MW of mining capacity attributable to TeraWulf plus 50 MW expansion option. While having a fixed cost of power of $0.002/kWh. For its Q2 2023 targets, the infrastructure capacity is 50 MW, total hash rate capacity is 1.9 EH/s and total miner capacity is 16,000.
Lake Mariner
This mining facility is powered by hydro and nuclear power. It began its operations in March 2022 and utilizes more than 91% zero-carbon energy. It also has an additional 80 MW of shovel-ready expansion capability. while it has set the target of 500 MW of future mining capacity. For its Q2 2023 targets, the infrastructure capacity is 110 MW, the total hash rate capacity is 3.6 EH/s and total miner capacity is 34,000.
According to TeraWulf, the company is committed to achieve a $0.035/kWh target cost of power that is 30% less than the industry average. The company is also focusing on 100% zero-carbon energy, as its core ESG focus is critical to generating environmentally sustainable Bitcoin at industrial scale.
TeraWulf has raised $420 Million aggregate capital, $161 Million in debt and $259 Million in equity to execute its long-term strategy.
WULF Stock Price Analysis
TeraWulf Inc (WULF) stock price closed in the previous trading session at the price of $1.43, with a decline of 2.05%. Meanwhile, it noted more than 110% of increase in its year-to-date price and nearly 119.26% of rise in one month. The analysts have their price target for one year at $1.67 that is almost 16% up from its recent trading price.
The pre-market price of WULF stock that is at $1.40, already surpassed its 20-day, 50-day and 100-day EMA. The RSI of this stock is at 67.10, that is near to the overbought region.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
