According to Odaily Planet Daily, Bitcoin mining company TeraWulf's latest financial report shows that its net loss widened to over $79 million in the first half of this year due to continued investment in high-performance computing and mining operations. Operating costs (minus depreciation) were approximately $22 million, a quarter-on-quarter increase from $13.9 million in the second quarter of 2024. Its stock price is currently down nearly 4% after opening up nearly 3%.

“TeraWulf will continue to execute on its strategy to develop scalable, sustainable digital infrastructure to support high-performance computing hosting and proprietary bitcoin mining,” said TeraWulf CEO Paul Prager. ( The Block )