**News Flash: TeraWulf's Q2 Earnings Report**

Bitcoin miner TeraWulf has released its second-quarter earnings report, revealing a mixed bag of results. The company mined 699 Bitcoin (BTC) in Q2 2024, marking a 21% decline compared to the same period last year. Despite this, TeraWulf slightly beat revenue expectations with $35.6 million, just above the $35.4 million forecast.

However, earnings fell short, posting a loss of $0.03 per share against an expected $0.02 loss. The cost to mine Bitcoin soared by 243%, from $6,688 per BTC in Q2 2023 to $22,954 in Q2 2024, attributed to increased network difficulty and April’s Bitcoin Halving.

Looking ahead, TeraWulf is expanding into high-performance computing (HPC) and artificial intelligence (AI). Construction has begun on a new building at its Lake Mariner facility, set to add 50 MW of infrastructure capacity by Q1 2025. The firm has also committed an initial 2 MW block to HPC and AI, purchasing a 128-GPU cluster from NVIDIA.

Stay tuned for more updates on TeraWulf’s strategic moves and market performance.