Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»TeraWulf’s stock price soared 22% after mining 186 bitcoins last month.
ADOPTION NEWS

TeraWulf’s stock price soared 22% after mining 186 bitcoins last month.

By Crypto FlexsJune 4, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
TeraWulf’s stock price soared 22% after mining 186 bitcoins last month.
Share
Facebook Twitter LinkedIn Pinterest Email

TeraWulf’s shares jumped in Tuesday’s session after the mining company released its monthly production update for May, its first month since the latest. Bitcoin Halving Event.

The company mined 186 bitcoins in May, with an average production rate of about 6.0 bitcoins per day.

Terrawolf said Installed and operated self-mining capacity reached approximately 8.0 EH/s, an 82% increase compared to the previous year. The company averaged $31,239 per Bitcoin mined in May, roughly reflecting a rate of $0.039/kWh.

bitcoin halving It is programmed to occur automatically approximately every four years. After the halving event, miners will receive 50% less Bitcoin as a subsidy reward for every block of transactions they mine and add to the blockchain. They continue to earn additional transaction fee rewards for each block mined.

TeraWulf’s 25% month-on-month decline (from 249 BTC to 186 BTC) after the halving compares favorably with mining companies like Bitfarms. Bitcoin mining volume decreases by 42% During the same period.

TeraWulf owns and operates a vertically integrated and environmentally clean Bitcoin mining facility in the United States. The company currently has two Bitcoin mining facilities. the wholly-owned Lake Mariner facility in New York and the Nautilus Cryptomine facility in Pennsylvania, a joint venture with Cumulus Coin.

“The Lake Mariner team is making incredible progress on Building 4, which is scheduled to be completed in June and will house approximately 10,000 of Bitmain’s newest S21 and S21 Pro miners,” said Sean Farrell, SVP of Operations at TeraWulf. “Once online, Building 4’s total operating capacity is expected to increase to more than 10.0 EH/s.”

Traders liked what they read, sending shares of TeraWulf up 22.4% and ending today’s trading session at $2.51 per share. The stock is now up 9.1% year-to-date, giving the company a market capitalization of just under $840 million.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025
Most Popular

Toncoin (TON) price under pressure as whales reduce exposure

August 4, 2024

Altcoins are flying while BTC is flat as SEC ignites ‘Altseason’

January 11, 2024

Bitcoin is now accepted at Tooting Market in south London.

June 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.