Bitcoin mining company TeraWulf reports 87% revenue growth, but shares fall after hours
Jinse Finance reported that bitcoin mining company TeraWulf announced on Monday that its revenue reached $50.6 million, an 87% increase compared to the same period last year. TeraWulf, headquartered in Easton, Maryland, stated that the revenue growth was driven by the rise in bitcoin prices, expanded mining capacity, and the commencement of revenue from its high-performance computing leasing business. TeraWulf is listed on the Nasdaq under the ticker symbol WULF. In after-hours trading on Monday, the company's share price fell by 2.5%; during the regular trading session, WULF closed at $14.30, up 3.8% for the day. Over the past month, the company's stock price has increased by 7.6%.
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