Bitcoin mining company TeraWulf's net loss widened to over $79 million in the first half of the year

Bitcoin mining company TeraWulf's second-quarter financial report shows that its net loss widened to over $79 million in the first half of this year due to continued investment in high-performance computing and mining operations. Operating costs (minus depreciation) were approximately $22 million, a quarter-over-quarter increase from $13.9 million in the second quarter of 2024. Its stock price is currently down nearly 4% after opening up nearly 3%.