Bitcoin mining company TeraWulf produced 699 BTC in Q2, with a revenue of 35.6 million US dollars
Bitcoin mining company TeraWulf announced its Q2 financial report, producing 699 BTC in the quarter, a year-on-year decrease of 21%. Q2 revenue was $35.6 million, slightly higher than the market's general expectation of $35.4 million. In addition, the company reported a quarterly loss of $0.03 per share, lower than the expected loss of $0.02 per share. The company also pointed out that the cost of Bitcoin mining increased by 243% year-on-year, and mining expenditure rose from $6688/BTC in Q2 2023 to $22954/BTC in Q2 2024.
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