TeraWulf, the sixth-largest Bitcoin miner, plans to launch a new data center at the end of September 2024. This was revealed by the company's co-founder and Chief Operating Officer, Nazar Khan.
"Our WULF Den facility is a 2-megawatt installation that will go into operation next month. It's a liquid-cooled structure that we have integrated within an existing infrastructure," Khan said.
After the launch of WULF Den, the Bitcoin mining company plans to start another data center with a capacity of 20 megawatts, which is expected to begin operations by the end of 2024. According to Khan, TeraWulf intends to actively collaborate with major tech companies, particularly those in the "Magnificent Seven," including Apple, Microsoft, Alphabet, Tesla, and Nvidia.
"Our goal is to find a client and partner with whom we would like to develop on the site—a client who is confident that they can secure 100 or 200 megawatts of power," said TeraWulf's co-founder.
Khan also mentioned that the company's objective is to mine Bitcoins at a low cost. Currently, TeraWulf spends an average of $40,000 to mine one coin, making the American miner one of the most profitable in the sector.
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