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via Decrypt · By Decrypt Editorial
TeraWulf's AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss
BTC
BTC/USDT
$64,962.00
+1.88%
$64,962.00
+1.88%
(24s)24h Volume
$11,489,508,747.31
24h H/L
$65,176.60 / $63,690.00
Change: $1,486.60 (2.33%)
Long/Short
57.3%
Long: 57.3%Short: 42.7%
Funding Rate
+0.0049%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(08:29 PM UTC)
1 min read
In brief
- Shares in TeraWulf (WULF) fell on the day after the firm reported a $446 million loss in Q1.
- The firm reported revenues of $34 million, 60% of which are now attributed to its expansion into AI HPC.
- Meanwhile its Bitcoin mining revenues fell 50% quarter-over-quarter to around $13 million.
Shares in publicly traded Bitcoin miner TeraWulf (WULF) finished the trading day down 2.6% after…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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