TeraWulf Announces February 2023 Production and Operations Updates - Seite 2

1 Unaudited monthly results are based on estimated power costs, which remain subject to standard month end adjustments.

2 February 2023 metrics include Lake Mariner and the initial ramp of operations at the Nautilus facility.

Production and Operations Update

As of February 28, 2023, the Company had an operational miner fleet of approximately 26,000 miners, comprised of 18,000 operational miners at its wholly-owned Lake Mariner facility in New York (13,000 self-miners and 5,000 hosted miners) and 8,000 self-miners at the nuclear-powered Nautilus facility in Pennsylvania. The Company’s self-mining hash rate capacity increased to 2.6 EH/s as of February 28, 2023 (vs. 1.4 EH/s in January), with an additional 0.5 EH/s of hosted capacity.

In February, the Lake Mariner facility successfully completed testing for the NYISO Special Case Resources program to provide rapid, flexible load relief, and continues to expand its offering of grid support capabilities.

Fourth Quarter and 2022 Financial Results Conference Call

As previously announced, TeraWulf will host a conference call to discuss its financial results for fourth quarter and fiscal year 2022 on Thursday, March 30, 2023, at 5:00 p.m. Eastern Time. During the call, TeraWulf management will provide prepared remarks, followed by a question-and-answer period.

A live webcast and replay of the call will be accessible under the “Events & Presentations” section located in the Investors section of the Company’s website at www.terawulf.com.

About TeraWulf

TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Led by an experienced group of energy entrepreneurs, the Company is currently operating two mining facilities: Lake Mariner in New York, and Nautilus Cryptomine in Pennsylvania. TeraWulf generates domestically produced Bitcoin powered primarily by nuclear and hydro energy with a goal of utilizing 100% zero-carbon energy. With a core focus on ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale.