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Bitcoin Miner TeraWulf Ups Hashrate Guidance by 16%, Raises $10 Million As Shares Plummet

Bitcoin miner Terawulf will grow faster than expected into early 2023 despite industry woes as it bumped its hashrate guidance for the first quarter of next year up 16%. Shares tumbled more than 30%.

The hashrate will increase 4.3 EH/s to 5 EH/s by the first quarter of 2023 after restructuring a contract with hardware company Bitmain that will see TeraWulf getting more machines at the same cost.

(by Catarina Moura)

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