TeraWulf (NASDAQ:WULF) has reported a substantial increase in its self-mining and production capacity for June 2024.

The company revealed a remarkable 76% year-over-year rise in self-mining capacity, now reaching 8.8 EH/s.

This impressive growth was accompanied by the mining of 177 bitcoins throughout the month, with an average production rate of 5.9 bitcoins per day.

Sean Farrell, the Senior Vice President of Operations at TeraWulf, highlighted the ongoing enhancements at the Lake Mariner facility, stating, "The Lake Mariner team is currently installing and activating approximately 10,000 of Bitmain’s latest generations of S21 and S21 Pro miners."

This upgrade is anticipated to boost the operating capacity to over 10 EH/s.

Additionally, the company announced that it is developing a 20 MW co-location pilot facility, which it expects to complete by year-end.