Bitcoin Miner TeraWulf to Buy 30K Bitmain Mining Machines

The Bitmain Antminer S19j Pro will be delivered from January to June of 2022.

Jun 29, 2021 at 5:20 p.m. UTC
Updated Sep 14, 2021 at 1:18 p.m. UTC

Bitcoin mining company TeraWulf has agreed to purchase 30,000 mining machines from Bitmain.

  • In a blog post on Tuesday, Bitmain said TeraWulf will buy Bitmain’s latest generation of miners dubbed the Antminer S19j Pro, which will be delivered from January to June 2022.
  • Once the machines have been delivered and deployed, TeraWulf is expected to increase its total mining hash rate by 3 exahashes per second, which means the machines will be able to compute an extra 3 quintillion calculations per second. Quintillion is a number followed by 18 zeros.
  • TeraWulf is set for a Nasdaq listing after it agreed to merge with Ikonics, an imaging-technology company whose stock trades on Nasdaq. The combined company will trade under the ticker symbol, "WULF."
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Nigeria’s SEC Affirms All Digital Assets Are Securities in New Rulebook

Rules look to clarify crypto’s role in the economy by providing a regulatory framework.

Rules look to clarify crypto’s role in the economy by providing a regulatory framework.

2
First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds

Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.

Terraform Labs, the Singapore-registered company behind the Terra protocol, doesn’t have a permanent office in the city-state; most major cryptos spent Sunday in the green.

3
At Nationals Ballpark, Terra’s Bad Week Never Happened

Terra’s pricey Nationals sponsorship hasn’t made an impact on “Terra Club” workers and fans.

Terra’s pricey Nationals sponsorship hasn’t made an impact on “Terra Club” workers and fans.

4
The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto

When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow, but ultimately it is surviving.

When a prominent stablecoin and the token that backs it failed, the broader ecosystem certainly was dealt a blow, but ultimately it is surviving.