TeraWulf’s stock surged in Tuesday’s session after the mining firm released its monthly production update for May, the first full month since the latest Bitcoin halving event.
TeraWulf said installed and operational self-mining capacity reached approximately 8.0 EH/s, representing an 82% year-over-year increase. The company averaged $31,239 per bitcoin self-mined in May, reflecting an approximate rate of $0.039/kWh. TeraWulf’s 25% month-over-month drop post-halving compares favorably to a mining company like Bitfarms, which announced a 42% drop in bitcoin mined over the same period.
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