PANews news on August 9th, according to The Block, TeraWulf's second-quarter financial report shows that due to continuous investment in high-performance computing and mining business, its net loss in the first half of this year has expanded to over $79 million, with operating costs (excluding depreciation) of approximately $22 million, representing a quarter-on-quarter increase from $13.9 million in the second quarter of 2024. Its stock price rose nearly 3% at the opening but is currently down nearly 4%.
TeraWulf CEO Paul Prager stated: "TeraWulf will continue to execute its strategy of developing scalable, sustainable digital infrastructure to support high-performance computing hosting and proprietary Bitcoin mining".
