TeraWulf Stock Is Trading Higher Today: What’s Going On?
Posted On December 4, 2024
TeraWulf Inc (NASDAQ:WULF) shares are trading higher Wednesday. The company announced a production and operations update for November. Here’s what you need to know.
What To Know: TeraWulf said it mined 115 Bitcoin (CRYPTO: BTC) in November, with an average daily production rate of approximately 3.8 bitcoin. The company said it achieved an average power cost of $41,190 per bitcoin mined.
TeraWulf maintained 8.4 EH/s of operational self-mining capacity during the month, up 68% year-over-year. The company noted that November’s average hash rate was 5.9 EH/s due to planned outages for electrical upgrades.
“November marked a pivotal …
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