On August 13th, Bitcoin miner TeraWulf announced its Q2 earnings report. It produced 699 BTC in the quarter, a decrease of 21% year-on-year. Q2 revenue was $35.60 million, slightly higher than the consensus market expectation of $35.40 million. In addition, the company reported a quarterly loss of $0.03 per share, lower than the expectation of a loss of $0.02 per share. The company also noted that bitcoin mining costs increased by 243% year-on-year, and mining expenses rose from $6,688/BTC in Q2 2023 to $22,954/BTC in Q2 2024.