TechFlow, Bitcoin Mining Company TeraWulf Reports Q2 Earnings: Produced 699 BTC, Down 21% Year-on-Year. Q2 Revenue at $35.6 Million, Slightly Above Expected $35.4 Million.
The company also noted that Bitcoin mining costs increased by 243% year-on-year, with mining expenses rising from $6,688 per BTC in Q2 2023 to $22,954 per BTC in Q2 2024.
In the meantime, TeraWulf stated it will continue focusing on expanding into high-performance computing (HPC) and artificial intelligence sectors in the second half of the year.




