TeraWulf reported a Q1 2025 net loss of around 61.4 million USD, compared to 9.6 million USD in Q1 2024. Revenue also decreased from 42.4 million USD to 34.4 million USD over the same period.
The cost of revenue for TeraWulf soared to 71.4% of total income, up from 34% a year earlier, reflecting climbing operational expenses due to factors like Bitcoin’s block reward reduction and increasing network difficulty.
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