TeraWulf to increase bitcoin mining capacity with new Bitmain hardware

Bitcoin mining agency TeraWulf will improve its self-mining hashrate by 58% with the acquisition of 18,500 Antminer S19j XP bitcoin mining machines from crypto mining {hardware} producer Bitmain for $53.4 million.

The brand new machines can be deployed on the firm’s Lake Mariner facility in New York, the corporate mentioned in a press release.

“Our deliberate enlargement with S19j XPs will additional set up TeraWulf as probably the most environment friendly mining fleets within the sector with a fleet effectivity of 25.7 J/TH,” mentioned Nazar Khan, co-founder and COO of TeraWulf. “Coupled with a realized common value of energy of three.5 cents per kilowatt hour and common availability in extra of 98%, we’re not solely increasing hashing capability with this order however concurrently positioning TeraWulf for elevated revenue margins forward of the following halving.”

TeraWulf paid a deposit for the brand new machines and can obtain the miners in equal batches break up between October, November and December.

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