TeraWulf Inc (WULF)

[diskman]

Production and Operations Update

"With the energization of Building 3 (45 MW) at the Lake Mariner facility in January, operational infrastructure capacity at the Lake Mariner facility increased to approximately 160 MW and TeraWulf’s total self-mining hashrate reached 7.1 EH/s as of month-end January. The Company expects to deploy an additional 5,000 S19j XPs at Lake Mariner in early February, which will increase TeraWulf’s self-mining hashrate by an additional 10% (from 7.2 EH/s to 7.9 EH/s).

Construction of Building 4 (35 MW) at the Lake Mariner facility is well underway and remains on track to be completed by mid-2024, which will provide over 12,000 additional miner slots, which would further increase TeraWulf’s total operational capacity to approximately 10 EH/s.

As previously announced, the Company is pursuing a potential large-scale HPC project at the Lake Mariner site and has committed an initial 2 MW block of power, capable of deploying thousands of the latest generation GPUs."