TeraWulf Inc. (NASDAQ:WULF) shares are trading lower Friday after the company released its September Bitcoin (CRYPTO: BTC) mining update. Here’s a look at the details from the report.
The Details: TeraWulf mined 176 bitcoin in September, marking an average production rate of approximately 5.9 bitcoin per day. The company’s operational self-mining capacity remained at approximately 10.0 EH/s, and the average power cost per bitcoin mined was $35,109 in September.
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“During September, TeraWulf mined 176 bitcoin, maintaining an average production rate of approximately 6 bitcoin per day,” said Sean Farrell, Senior Vice President of Operations at TeraWulf. “We are currently implementing large-scale PSU replacements and ventilation upgrades …
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