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TeraWulf Indicators a Buy Order with Bitmain for 30,000 Items of Antminer S19j Professional

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Hong Kong, June 29, 2021 – Bitmain – the world’s main producer of cryptocurrency mining {hardware}, at present introduced a signed buy order with TeraWulf Inc. (TeraWulf), which just lately introduced plans to develop into a publicly traded firm that owns and operates absolutely built-in environmentally clear cryptocurrency mining amenities in the USA, for an order of 30,000 items of Bitmain’s newest era miners, the Antminer S19j Professional.

The acquisition order offers for a month-to-month allotment to be delivered from January to June of
2022. After full supply and deployment of the order, TeraWulf is predicted to extend its
whole mining hashrate by 3 EH/s, from the extra 30,000 Antminer S19 Sequence miners.

Paul Prager, Chairman & Chief Government Officer of TeraWulf, stated, “This settlement with
Bitmain is the following step in TeraWulf’s plan to quickly and effectively scale our operations,
which is predicated on a confirmed mannequin for fulfillment. With Bitmain’s miners in place, we count on to
considerably improve our whole mining hashrate, furthering our efforts to generate
environmentally sustainable bitcoin at an industrial scale. We’re assured that we are able to
proceed to leverage our sturdy companion relationships as we search to place our firm as
the main miner of sustainable bitcoin globally.”

“Partnering with TeraWulf represents an enormous step ahead within the transition to a extra resilient, secure, and sustainable mining platform. We’re excited to supply our most superior bitcoin miners as they construct the biggest, most environmentally pleasant bitcoin mining facility in North America,” stated Du Shisheng, Bitmain Mining Division Vice President.

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