Bitcoin

<a href="https://ultramining.com/news/en/terawulfs-game-changing-move-75m-investment-in-next-gen-bitcoin-miners/" rel="noopener noreferrer nofollow">TeraWulf</a>, the zero-carbon Bitcoin mining company, <a href="https://investors.terawulf.com/news-events/press-releases/detail/52/terawulf-announces-july-2023-production-and-operations" rel="noopener noreferrer nofollow">announced</a> impressive July 2023 results. Despite challenging weather, it self-mined 330 BTC. Consequently, this resulted in the highest monthly <a href="https://ultramining.com/news/en/riot-platforms-boosts-bitcoin-production-amid-texas-heatwave/" rel="noopener noreferrer nofollow">self-mining revenue</a> in its history. 
The mining was at an average cost of $12k per Bitcoin. As a result, this earned the company $9.9 million in <a href="https://ultramining.com/news/en/riot-platforms-boosts-bitcoin-production-amid-texas-heatwave/" rel="noopener noreferrer nofollow">self-mining revenue</a>. They also increased the operational <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">hash rate</a> to 5.5 EH/s. 
In addition, the Lake Mariner facility strategically participated in demand response events. Due to a fault, it went offline but was repaired within 48 hours. Therefore, this demonstrates the team's efficiency and adaptability. 
Moreover, construction is underway for a new building to house next-generation miners. Because of this expansion, completion is targeted by the year's end. Overall, these updates position <a href="https://ultramining.com/news/en/terawulfs-game-changing-move-75m-investment-in-next-gen-bitcoin-miners/" rel="noopener noreferrer nofollow">TeraWulf</a> well in the industry, reflecting their commitment to clean and efficient crypto mining operations. 
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TeraWulf Soars to Record Revenue with 330 BTC Mined in July 2023

Ultramining_Eng

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