ChainCatcher news, according to The Block, Bitcoin mining company TeraWulf's second quarter financial report shows that due to ongoing investment in high-performance computing and mining operations, its net loss for the first half of this year has widened to over $79 million, with operating costs (excluding depreciation) of about $22 million, an increase from $13.9 million in the second quarter of 2024.

Its stock price rose nearly 3% at the opening but is now 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."