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Cryptocurrency News Articles
TeraWulf Inc. WULF Shares Are Trading Lower Friday After the Company Released Its September Bitcoin BTC/USD Mining Update
Oct 05, 2024 at 10:04 pm
Here's a look at the details from the report. The Details: TeraWulf mined 176 bitcoin in September, marking a mean production rate of roughly 5.9 bitcoin per day.
TeraWulf Inc. (NASDAQ:WULF) shares are buying and selling decrease Friday after the corporate launched its September Bitcoin (CRYPTO: BTC) mining replace.
This is a have a look at the details from the report.
The Particulars: TeraWulf mined 176 bitcoin in September, marking a mean manufacturing price of roughly 5.9 bitcoin per day. The corporate’s operational self-mining capability remained at roughly 10.0 EH/s, and the typical energy price per bitcoin mined was $35,109 in September.
Learn Subsequent: Nvidia Shares Are Moving Higher: What’s Happening?
“Throughout September, TeraWulf mined 176 bitcoin, sustaining a mean manufacturing price of roughly 6 bitcoin per day,” mentioned Sean Farrell, Senior Vice President of Operations at TeraWulf. “We’re at present implementing large-scale PSU replacements and air flow upgrades in miner constructing 3, “MB-3″, to boost efficiency as cooler fall temperatures arrive.”
What Else: On Thursday, TeraWulf introduced the closing of the sale of its 25% fairness curiosity within the Nautilus facility for a complete consideration of roughly $92 million. The corporate mentioned it plans to reinvest this capital into the development of the 20 MW CB-1 facility at Lake Mariner.
“This strategic reinvestment strengthens our ongoing initiatives, together with the profitable completion of our 2 MW ‘WULF Den’ proof-of-concept for WULF Compute, designed for high-density GPU workloads. Building of CB-1, our 20 MW HPC/AI facility at Lake Mariner, is on monitor, with completion anticipated in Q1 2025. We’ve additionally secured long-lead objects for CB-2, a 50 MW AI/HPC facility, to make sure well timed completion in early Q2 2025,” Farrell mentioned.
How To Purchase WULF Inventory:
In addition to going to a brokerage platform to buy a share – or fractional share – of inventory, you may as well achieve entry to shares both by shopping for an alternate traded fund (ETF) that holds the inventory itself, or by allocating your self to a technique in your 401(okay) that might search to amass shares in a mutual fund or different instrument.
For instance, in TeraWulf’s case, it’s within the Data Know-how sector. An ETF will possible maintain shares in lots of liquid and enormous corporations that assist monitor that sector, permitting an investor to realize publicity to the tendencies inside that section.
WULF Worth Motion: In response to Benzinga Pro, TeraWulf shares are down 5.20% at $4.45 on the time of publication Friday.
Learn Additionally:
Picture: Shutterstock
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