TechFlow reported that Bitcoin mining company TeraWulf released its Q2 financial results, producing 699 BTC during the quarter, a 21% decrease year-over-year. Q2 revenue was $35.6 million, slightly above the expected $35.4 million.
The company also noted that Bitcoin mining costs surged 243% year-on-year, with mining expenses rising from $6,688 per BTC in Q2 2023 to $22,954 per BTC in Q2 2024.
Meanwhile, TeraWulf stated it will continue focusing on expanding into high-performance computing (HPC) and artificial intelligence sectors in the second half of the year.
Add to Favorites
Share to Social Media
