TeraWulf Inc., a key player in American Bitcoin mining, recently released its March 2024 update, showing significant progress towards environmentally friendly cryptocurrency mining. With a hash rate of 8 EH/s and plans to increase to 10 EH/s by mid-2024, TeraWulf is expanding its operations responsibly by using over 95% zero-carbon energy sources. The company aims to eventually source 100% of its energy from zero-carbon sources.

In March, TeraWulf produced 379 Bitcoin, averaging 12.2 Bitcoin per day, with an average power cost of $13,798 per Bitcoin mined. This improvement is partly due to replacing 1,000 older miners with energy-efficient S19k Pro miners, with 3,000 more set to be deployed soon. This upgrade underlines TeraWulf's commitment to efficiency and reducing the carbon footprint of mining.

The Lake Mariner facility has made significant advancements, such as implementing third-party firmware for a 10% efficiency boost. TeraWulf's participation in demand response programs and expansion in the NYISO Operating Reserve program demonstrate its proactive energy management.

Construction of Building 4 at Lake Mariner, to be finished by mid-2024, will expand TeraWulf's mining capacity. Additionally, exploring a high-performance computing project at the site shows TeraWulf's commitment to diversification and infrastructure improvement for future growth.