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 will probably 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 one of the crucial 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 price 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 subsequent halving.”
TeraWulf paid a deposit for the brand new machines and can obtain the miners in equal batches cut up between October, November and December.
