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TeraWulf Q1 loss widens amid rising costs, falling revenue

Coin Telegraph LogoCoin Telegraph16h ago

TeraWulf Q1 loss widens amid rising costs, falling revenue - Coin Telegraph

Quick Summary:

Mining firm TeraWulf reported a net loss of approximately $61.4 million in its earnings for the first quarter of 2025, further deteriorating from the same period last year.Revenue fell to $34.4 million from $42.4 million in the same period of 2024, according to the company's earnings report, published May 9.

Related: Riot Platforms posts Q1 loss, beats revenue estimatesMiners hit by trade tariffs, high uncertaintyThe trade tariffs introduced by US President Donald Trump have raised concern among mining companies and analysts that the import duties will drive up the costs of hardware and other physical infrastructure necessary to run crypto nodes.

Source: TeraWulfTeraWulf attributed the decreased revenue to Bitcoin's (BTC) post-halving economics that reduced the block subsidy from 6.25 BTC per block mined to 3.125 BTC per block mined, rising network difficulty, and severe weather in the upstate New York area that is home to a TeraWulf mining facility.

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Article Details

Author / Journalist: Cointelegraph by Vince Quill

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 21:48:56 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28521770

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 23 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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