According to Odaily, Bitcoin mining company TeraWulf has released its Q2 financial report, revealing a production of 699 BTC for the quarter, a 21% decrease compared to the same period last year. The company's Q2 revenue stood at $35.6 million, slightly surpassing the market expectation of $35.4 million. Additionally, TeraWulf reported a quarterly loss of $0.03 per share, which was higher than the anticipated loss of $0.02 per share. The company also highlighted a significant increase in Bitcoin mining costs, which surged by 243% year-over-year. The mining expenditure rose from $6,688 per BTC in Q2 2023 to $22,954 per BTC in Q2 2024. Meanwhile, TeraWulf announced its ongoing efforts to expand into high-performance computing (HPC) and artificial intelligence sectors. The company has commenced the construction of a new building at its Lake Mariner facility, which is expected to add 50 megawatts of infrastructure capacity when it becomes operational in Q1 2025.