According to Odaily Planet Daily, crypto mining company TeraWulf announced that it would pay off its outstanding debt ahead of schedule, with the last repayment amounting to $77.5 million. It is reported that this debt reduction will enable the company to maximize its resources and focus on deploying mining infrastructure rather than dealing with heavy debt obligations. TeraWulf Chief Strategy Officer Kerri Langlais said that the company does not seek aggressive expansion through mergers and acquisitions, but rather provides sustainable shareholder returns by improving profit margins and operating efficiency.
