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TeraWulf is Leading the Way to a Sustainable Bitcoin Mining Future

Vertical integration strategy positions TeraWulf for zero-carbon mining at attractive power costs

Take a Look at TeraWulf’s Fully Integrated & Environmentally Clean State-of-the-Art Bitcoin Mining Facilities

Lake Mariner

100% owned by TeraWulf

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HYDRO

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SOLAR


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ONLINE

  • Began mining operations in March 2022
  • Utilizes 91%+ zero-carbon energy
  • Target of 500 MW of mining capacity once complete
YEAR END 2022 TARGETS1
Infrastructure Capacity (MW) 110
Total Hash Rate Capacity (EH/s) 3.8

Nautilus Cryptomine

33% JV with Talen Energy

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NUCLEAR


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IN PROGRESS

  • Expects to begin mining Q1 2023
  • Utilizes 100% zero-carbon energy
  • Target of 115 MW of mining capacity attributable to TeraWulf once complete
Q1 2023 TARGETS1
Infrastructure Capacity (MW) 65
Total Hash Rate Capacity (EH/s) 2.0

Combined Targets1
Q1 and CY 20232

INFRASTRUCTURE CAPACITY (MW)

Q1 2023

175

CY 2023

375

SELF-MINING HASH RATE (EH/s)

Q1 2023

3.5 - 4.0

CY 2023

-

HOST/HOST-TO-OWN HASH RATE (EH/s)

Q1 2023

1.8 - 3.3

CY2023

-

TOTAL HASH RATE CAPACITY (EH/s)

Q1 2023

5.8 - 6.9

CY 2023

12 - 16

TeraWulf is Committed to Achieving...

$0.03KW target cost of power significantly less than the CBECI3 average

100% Zero-Carbon Energy our core ESG focus is critical to generating environmentally sustainable bitcoin at industrial scale

Efficient Capital to Execute on TeraWulf’s Long-Term Strategy

$360M

aggregate total capital

$139M

of debt

$221M

in equity

1 Hash rate reflects a blend of 100 and 140 TH/s miners, with 31.5 and 21.5 J/TH efficiency, respectively (J/TH adjusted by +5% to reflect ancillary power requirements).

2 CY 2023 target includes 200 MW of additional capacity available at existing sites, which can be deployed subject to market conditions.

3 Source: Cambridge Bitcoin Electricity Consumption Index.