secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001083301-23-000033
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf to buy 18,500 S19j XP miners for $53.4M; self-mining hashrate to rise 58% to 7.9 EH/s by end 2023
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- Agreement with Bitmain for 15,138 S19j XP miners (option for 3,362 more) at total purchase price $75.4M, reduced to $53.4M after coupons.
- New miners delivered in equal monthly allotments Oct–Dec 2023; deployed at Lake Mariner facility in Building 3 (43 MW capacity).
- Self-mining hashrate expands from 5.0 EH/s to 7.9 EH/s; fleet efficiency targeted at 25.7 J/TH with 91% zero-carbon power.
- Average power cost of 3.5 cents/kWh and 98%+ availability cited for improved profit margins ahead of halving.
- First large-scale order of S19j XP miners; each unit rated at 151 TH/s and 21.5 J/TH.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000108330123000033/0001083301-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000108330123000033/wulf-20230714x8k.htm
  HTML page:      https://secwatch.observer/filing/0001083301-23-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer