
Bitcoin Miner TeraWulf Considers Merger to Boost Profit Margins
TeraWulf, which currently mines most of its BTC using nuclear energy, said that it will continue to remain profitable until BTC price stays above $40,000.
TeraWulf, which currently mines most of its BTC using nuclear energy, said that it will continue to remain profitable until BTC price stays above $40,000.
Collectively, the 14 US mining companies have a network hash rate of approximately 23.8% of the total market share.
TeraWulf is currently on an aggressive expansion and is planning to have a total operational capacity of 50,000 miners (5.5 EH/s) in early Q2 2023, which is nearly 160MW of power demand.
Bitmain said that it will be replacing the previous batch with 14,000 S19j Pro miners for delivery by the first quarter of 2023 at no additional cost to TeraWulf.