HIFI๐ฅ๐ฅ$LAYER ๐ฅ๐ฅ$BTC
๐๐ โค๏ธ๐น ๐๐
๐๐ฆTeraWulf Mining Company announced a net loss of $61.4 million in the first quarter, with costs representing 71.4% of revenues.
๐ ๐ขโกThe Philippine News Agency reported on May 10 that Bitcoin mining company TeraWulf, according to Cointelegraph, announced its financial report for the first quarter of 2025, with a net loss of $61.4 million, which is significantly higher than $9.6 million
๐ข๐ in the same period last year. The company's revenues decreased year-on-year to $34.4 million, while revenue costs increased to $24.5 million, representing 71.4%, which is
๐๐ข more than double the 34% ratio during the same period last year. TeraWulf attributed the revenue decline to the drop in half of Bitcoin and increased network difficulty; furthermore, severe weather in New York also affected its mining operations.โ ๏ธโญ
