8.8 EH/s of installed and operational self-mining capacity, up 76% Y-o-Y Construction of Building 4 at Lake Mariner substantially completed in June, paving the way to >10.0 EH/s in July 2024 AI/HPC digital infrastructure projects advancing at Lake Mariner EASTON, Md., July 03, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today provided an unaudited monthly production and operations update for June 2024. June 2024 Production and Operations Highlights Self-Mined Bitcoin: Mined 177 bitcoin in June with an average production rate of approximately 5.9 bitcoin per day. Operating Capacity: TeraWulf's installed and operational self-mining capacity reached approximately 8.8 EH/s, representing an 76% year-over-year increase. Power Cost: Averaged $32,373 per bitcoin self-mined in June, reflecting an approximate rate of $0.042/kWh and excluding the benefit of expected demand response or ancillary services proceeds, which is expected to be substantial as described below. Demand Response: The Lake Mariner facility curtailed over 2,300 MWh in connection with demand response activities in June, which is expected to reduce power costs by approximately $0.010/kWh in the month. TeraWulf's demand response savings represent the equivalent value of approximately 21 BTC using June's "Value per Bitcoin Self-Mined" in the table below.  Key Metrics¹ June 2024  May 2024   Bitcoin Self-Mined Lake Mariner   136    144   Bitcoin Self-Mined Nautilus   41    42   Value per Bitcoin Self-Mined² $ 66,178  $ 65,094