According to Odaily Planet Daily, Bitcoin mining company TeraWulf released 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 expectation of $35.4 million. The company's quarterly loss per share was $0.03, lower than the expected $0.02. Bitcoin mining costs increased by 243% year-on-year, from $6,688/BTC in Q2 2023 to $22,954/BTC in Q2 2024. TeraWulf said that it will continue to expand into high-performance computing (HPC) and artificial intelligence in the second half of the year. It has built a new building at the Lake Mariner plant and expects to contribute an additional 50 megawatts of infrastructure capacity when it goes online in Q1 2025.