TeraWulf to lease 70 MW to host AI as Bitcoin mining costs jump
TeraWulf is looking to expand into the red-hot AI space as Bitcoin mining difficultly climbs and profitability shrinks. Go to Source
WULF
Auto Added by WPeMatico
Bitcoin Mining Firms Terawulf and Cleanspark Ramp up Hashrates, Boost Financial Footing
This week witnessed significant expansions in the bitcoin mining sector, with two leading firms unveiling substantial increases in their operational hashrate. Terawulf disclosed that its self-mining business has escalated to 7.6 exahash per second (EH/s) this month. Concurrently, Cleanspark announced an enhancement in its fleet-wide operating hashrate, surpassing 14 EH/s. Terawulf Hashrate Reaches 7.6 EH/s … Read more
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully leverage the 160 megawatts of Terawulf’s available mining … Read more
Actress Gwyneth Paltrow Invests in Bitcoin Mining Operation Terawulf
The American actress and businesswoman Gwyneth Paltrow has participated in an investment round involving the bitcoin mining operation Terawulf. According to reports, Paltrow and a group of investors made a “substantial, 8-digit equity investment” in the company. Paltrow is well known for her involvement with cryptocurrencies and joined the crypto firm Abra in 2017 as … Read more
