Bitcoin Miner TeraWulf Releases September Mining Update: Details

TeraWulf Inc. WULF shares are trading lower Friday after the company released its September Bitcoin BTC/USD 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 in miner building 3, “MB-3″, to enhance performance as cooler fall temperatures arrive.”

What Else: On Thursday, TeraWulf announced the closing of the sale of its 25% equity interest in the Nautilus facility for a total consideration of approximately $92 million. The company said it plans to reinvest this capital into the construction of the 20 MW CB-1 facility at Lake Mariner. 

"This strategic reinvestment strengthens our ongoing initiatives, including the successful completion of our 2 MW ‘WULF Den’ proof-of-concept for WULF Compute, designed for high-density GPU workloads. Construction of CB-1, our 20 MW HPC/AI facility at Lake Mariner, is on track, with completion expected in Q1 2025. We’ve also secured long-lead items for CB-2, a 50 MW AI/HPC facility, to ensure timely completion in early Q2 2025," Farrell said. 

How To Buy WULF Stock:

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in TeraWulf's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

WULF Price Action: According to Benzinga Pro, TeraWulf shares are down 5.20% at $4.45 at the time of publication Friday.

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