TeraWulf, Inc. WULF

TeraWulf, Inc. (NASDAQ: WULF) is a Bitcoin mining company committed to sustainable and efficient operations, with a focus on leveraging low-cost, zero-carbon energy. Operating two primary sites, Lake Mariner in New York and Nautilus Cryptomine in Pennsylvania, TeraWulf has rapidly scaled its operations, achieving a hash rate of 10.2 EH/s as of July 2024. The company plans to expand to 295 MW by the end of 2025. TeraWulf is recognized for its industry-leading power cost, targeting $0.035 per kWh in 2024, and 93% of its energy comes from zero-carbon sources, underscoring its commitment to environmental sustainability. With a strong balance sheet, including debt elimination in July 2024, TeraWulf is positioned for continued growth and profitability in the face of Bitcoin’s reward halving. The company’s infrastructure is designed for flexibility, supporting future expansions and the potential integration of AI and HPC (High-Performance Computing) applications, making TeraWulf a forward-looking leader in the Bitcoin mining industry.

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