Summary by Moomoo AI
TeraWulf Inc., a leading digital asset technology firm specializing in sustainable bitcoin mining, has reported its financial performance and business developments for the quarter ending June 30, 2024. The company's revenue primarily comes from bitcoin mining at its sustainable mining facilities, supplemented by miner hosting services. TeraWulf's mining operations are powered by predominantly clean energy, with a focus on zero-carbon sources. In 2024, TeraWulf established WULF Compute, an innovation center aimed at diversifying revenue through high-performance computing initiatives. The company's mining facilities, Lake Mariner and Nautilus Cryptomine, are powered by zero-carbon energy, with a combined operating capacity of 8.8 EH/s and approximately 71,700 miners deployed. TeraWulf plans to expand its Nautilus Cryptomine Facility by an additional 50 MW in...Show More