Bitcoin mining company TeraWulf produced 994 BTC in the third quarter
TeraWulf, a Bitcoin mining company, released its third-quarter financial report, which showed that its self-mining business produced 994 BTC, an increase of 9.5% compared to the second quarter; revenue was $19 million, an increase of 22.6% compared to the previous quarter; it is expected to use the cash generated in the third quarter to repay about $7 million in debt, of which $5.5 million will be repaid in October 2023; the gross profit for the third quarter increased to $10.7 million, while it was $10.3 million in the second quarter.
As of September 30, TeraWulf's total installed computing power capacity was 5.5 EH/s, an increase of 267% compared to the same period last year; the average operating computing power was 4.8 EH/s. TeraWulf announced the purchase of 18,500 Antminer S19j XP Bitcoin mining machines, with a total price of $75.4 million, of which $53.4 million has been prepaid. (Globenewswire)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Is XRP Being Used for all US Federal Reserve Transactions? Fact Check
Thailand seizes 63 illegal crypto mining rigs that stole over $327k in electricity
Crypto Sniper Incurs $465K in Losses on $XZY Token within 1 Hour
Expert Says Holding Just 1,000 XRP Could Be the Best Financial Decision of Your Lifetime
Trending news
MoreCrypto prices
More








