Successful Energization of Miner Building 5
TeraWulf successfully energized Miner Building 5 at the Lake Mariner facility, bringing total operational capacity to 245 megawatts and achieving a self-mining hash rate of 12.2 exahash with fleet efficiency of 18 joules per terahash.
High Power Compute Hosting Platform Progress
WULF Compute's liquid-cooled infrastructure is scaling to meet AI demand, with the WULF Den operational and expected revenue generation in Q2. CB-1 and CB-2 are set to go live in Q3 and Q4, respectively.
Approval for Additional Capacity
NYISO approved an additional 250 megawatts of capacity at Lake Mariner, bringing the total to 500 megawatts, with plans to request an additional 250 megawatts to reach 750 megawatts.
Positive Early Feedback on Project Financing
Early feedback from potential lenders for the 72.5 megawatt Core42 buildout has been positive, with execution expected mid-year with advisors JPMorgan and Morgan Stanley.