🌋 TeraWulf to Launch New Bitcoin Mining Facility
posted 29 Aug 2024
TeraWulf, a mining company, is set to launch a new Bitcoin mining facility named WULF Den by the end of September 2024. This facility will be equipped with a liquid cooling system and will deliver a minimum of 2 MW of power, substantially increasing the company's total output.
What allowed us to expedite the timing was that we were building it inside an existing structurestated Nazar Khan, Chief Operating Officer of the mining entity.
Additionally, TeraWulf is looking to enter into a long-term agreement with one of the Magnificent Seven or other large tech companies. This deal would allow TeraWulf to monetize its spare capacity while offering partners access to essential computing resources.
This type of partnership is particularly beneficial for companies with powerful data centers or AI developers. It’s also important to highlight that TeraWulf is already a very profitable entity, with a production cost of just $40,000 per BTC.
More breaking news
More breaking news
Breaking news
🌋 EigenLayer Restaking Expands Beyond Ethereum
