TechFlow news, August 9 — According to The Block, TeraWulf's Q2 financial report shows the Bitcoin mining company's net loss for the first half of this year widened to over $79 million due to ongoing investments in high-performance computing and mining operations. Operating costs (excluding depreciation) were approximately $22 million, up from $13.9 million in Q2 2024. After initially rising nearly 3% at market open, its stock is now down nearly 4%. TeraWulf CEO Paul Prager said: "TeraWulf will continue executing its strategy to develop scalable, sustainable digital infrastructure to support high-performance computing hosting and proprietary Bitcoin mining."
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