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TeraWulf is Leading the Way to a Sustainable Crypto 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 complete1
YEAR END 2022 TARGETS2
Infrastructure Capacity (MW) 110
Total Hash Rate Capacity (EH/s) 3.3—4.8
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Nautilus Cryptomine

50/50 JV with Talen Energy

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NUCLEAR


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IN PROGRESS

  • Expects to begin mining Q3 2022
  • Utilizes 100% zero-carbon energy
  • Target of 150 MW of mining capacity attributable to TeraWulf once complete
YEAR END 2022 TARGETS2
Infrastructure Capacity (MW) 100
Total Hash Rate Capacity (EH/s) 3.0—3.4
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Combined
YEAR END TARGETS2

INFRASTRUCTURE CAPACITY (MW)

2022

210

2023

400

SELF-MINING HASH RATE (EH/s)

2.0 - 4.5

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

2.6 - 5.1

TOTAL HASH RATE CAPACITY (EH/s)

6.3 - 8.2

TeraWulf is Committed to Achieving...

23 Exahash per second by 2025

800MW of mining capacity by 2025

$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

$356M

aggregate total capital

$138M

in debt

$218M

in equity

1 Excludes up to 150 MW of expansion capacity available at neighboring site.

2 For illustrative purposes only; hash rate range 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).

3 Source: Cambridge Bitcoin Electricity Consumption Index.