PANews, August 9 - According to The Block, Bitcoin mining company TeraWulf's latest financial report shows that its net loss in the first half of this year has widened to over $79 million due to ongoing investments in high-performance computing and mining operations. The operating costs (excluding depreciation) are approximately $22 million, a quarter-on-quarter increase from $13.9 million in the second quarter of 2024. Its stock price rose nearly 3% at opening but is currently down nearly 4%.
TeraWulf CEO Paul Prager stated: 'TeraWulf will continue to execute its strategy to develop scalable and sustainable digital infrastructure to support high-performance computing hosting and proprietary Bitcoin mining.'
