TechFlow news, Kerri Langlais, Chief Strategy Officer of bitcoin mining company TeraWulf, said the company would consider expanding profits through mergers and acquisitions, but would not grow for the sake of "empire building." She emphasized that TeraWulf is more focused on organic growth and shareholder returns.
Recently, Riot Platforms attempted to acquire Bitfarms for $950 million but was unsuccessful, obtaining only a 14.9% stake. CleanSpark also announced a merger with GRIID Infrastructure valued at $155 million.
Langlais expects more merger proposals among bitcoin miners in the future, but differences in valuation make it difficult to assess deal value. She hopes the mining industry’s valuation metrics will shift toward indicators such as EBITDA and profitability.
