đąBitcoin mining company TeraWulf released its Q2 financial report: 699 BTC were produced, a year-on-year decrease of 21%. Revenue was $35.6 million, slightly higher than the expected $35.4 million. Loss per share was $0.03, higher than the expected $0.02. Mining costs increased by 243% year-on-year, soaring from $6,688/BTC to $22,954/BTC. TeraWulf plans to enter the field of high-performance computing and artificial intelligence in the second half of the year, and the new facilities of the Lake Mariner plant are expected to be online in Q1 2025. What do you think? See you in the comments! đŹ
