PANews, May 10 news, according to Cointelegraph, Bitcoin mining company TeraWulf announced its Q1 2025 financial report, showing a net loss of $61.4 million, far exceeding the $9.6 million loss from the same period last year. The company's revenue fell to $34.4 million year-on-year, while the cost of revenue rose to $24.5 million, accounting for 71.4%, more than double the 34% from the same period last year. TeraWulf attributed the decline in revenue to Bitcoin halving and increased network difficulty; additionally, severe weather in New York has also impacted its mining operations.
