TeraWulf's net loss in Q1 2025 widened to $61.4 million

ChainCatcher news, according to Cointelegraph, TeraWulf released its Q1 financial report, with a net loss widening to $61.4 million, a significant increase from $9.6 million in the same period last year. Revenue dropped to $34.4 million, a year-over-year decline of 18.9%, while costs surged by 70.1% to $24.5 million. The main reasons are the Bitcoin halving, rising network difficulty, and severe weather.