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TeraWulf, a Bitcoin mining company, reported third-quarter revenue of $50.6 million, an increase of 87% year-over-year.
Odaily Planet Daily reports that U.S. Bitcoin mining company TeraWulf has released its Q3 financial report. Data shows the company achieved a revenue of $50.6 million, an 87% increase year-over-year, with digital asset income totaling $43.4 million. Although only 377 Bitcoins were mined this quarter, down from 555 in the same period last year, the price increase offset the decrease in production. TeraWulf stated that revenue growth was also driven by expanded computing power and the advancement of high-performance AI computing leasing business. (Cointelegraph)
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