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Listed Mining Company TeraWulf Purchases 15,000 S19 XP Pro Mining Machines From Bitmain
Summary: TeraWulf (Nasdaq: WULF), a listed company specializing in green energy crypto mining, announced on Tuesday that it has signed a purchase agreement with Bitmain to purchase 15,000 S19 XP Pro Bitcoin mining machines. 2,500 mining machines will be shipped and installed on a monthly basis from July 2022 to December 2022. TeraWulf has raised $200 ...
TeraWulf (Nasdaq: WULF), a listed company specializing in green energy crypto mining, announced on Tuesday that it has signed a purchase agreement with Bitmain to purchase 15,000 S19 XP Pro Bitcoin mining machines. 2,500 mining machines will be shipped and installed on a monthly basis from July 2022 to December 2022.
TeraWulf has raised $200 million in debt and equity financing from institutional and individual investors. This agreement is its largest next-generation Bitcoin mining machine order.
TeraWulf's Lake Mariner facility is expected to begin operations in the first quarter of 2022. The company expects to deploy 800 MW of mining capacity by 2025, achieving a hash rate exceeding 23 exahash per second.
By Mary Liu
Tags: Bitcoin Miner,Bitmain,TeraWulf
Link: Listed Mining Company TeraWulf Purchases 15,000 S19 XP Pro Mining Machines From Bitmain [Copy]
