Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
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

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025

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

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025

The US government checks the economic data on the chain with 60% Pyth Rocket 60% Pyth Network.

August 28, 2025

GCL Subsidiary, 2Game Digital, Partners With KuCoin Pay To Accept Secure Crypto Payments In Real Time

August 28, 2025

Tether Announces Plan To Bring USD₮ To RGB, Advancing Native Stablecoins On Bitcoin And Lightning

August 28, 2025

Ether Leeum Game Football. Fun market caps increase 10 times within two weeks.

August 28, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 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

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025
Most Popular

SUI’s web3 tools revolutionize game development.

April 12, 2025

Metaplanet Partners with SBI VC Trade to Provide Bitcoin Custody Services

September 3, 2024

Ether Leeum buyers ‘returns’ to purchase ‘profit’

March 8, 2025
  • 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.