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

Hong Kong, June 29, 2021 – Bitmain – the world’s main producer of cryptocurrency mining {hardware}, as we speak introduced a signed buy order with TeraWulf Inc. (TeraWulf), which lately introduced plans to develop into a publicly traded firm that owns and operates totally built-in environmentally clear cryptocurrency mining services in the US, 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
complete mining hashrate by 3 EH/s, from the extra 30,000 Antminer S19 Collection miners.

Paul Prager, Chairman & Chief Govt Officer of TeraWulf, stated, “This settlement with
Bitmain is the subsequent 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 anticipate to
considerably enhance our complete mining hashrate, furthering our efforts to generate
environmentally sustainable bitcoin at an industrial scale. We’re assured that we will
proceed to leverage our robust 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 offer 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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