CoinVoice has learned that, according to The Block, Bitcoin mining company TeraWulf's second quarter financial report shows that due to ongoing investments in high-performance computing and mining operations, its net loss for the first half of this year has expanded to over 79 million dollars, with operating costs (minus depreciation) of approximately 22 million dollars, a quarter-on-quarter rise from 13.9 million dollars in the second quarter of 2024.



Its stock price rose nearly 3% at the open and is now down nearly 4%. TeraWulf CEO Paul Prager stated, "TeraWulf will continue to execute its strategy of developing scalable, sustainable digital infrastructure to support high-performance computing hosting and proprietary Bitcoin mining."
BTC1.48%
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