Summary by Moomoo AI
TeraWulf Inc., a leading digital asset technology firm specializing in sustainable energy development and digital infrastructure, has reported its financial performance and business developments for the quarter ended March 31, 2024. The company's primary revenue source is bitcoin mining, conducted at its sustainable mining facilities in the United States, which are powered by zero-carbon energy sources. TeraWulf has established WULF Compute, an internal innovation center focused on high-performance computing (HPC) initiatives to diversify revenue streams. As of March 31, 2024, TeraWulf's mining operations were 95% fueled by zero-carbon energy, with a combined operating capacity of 8.0 EH/s and approximately 66,900 miners deployed. The company has a total operational capacity of 210 MW and is constructing an additional 35 MW at its Lake Mariner...Show More