From Cointelegraph

May 9, 2025 4:48 pm:

TeraWulf reported a net loss of $61.4 million in Q1 2025, with revenue falling to $34.4 million. Cost of revenue rose to $24.5 million, accounting for 71.4% of total income. The decreased revenue was attributed to Bitcoin’s post-halving economics and severe weather in New York.

Trade tariffs imposed by Trump may increase costs for mining companies. Rising Bitcoin network difficulty requires more computing resources. Tariffs on mining hardware could give international miners a price advantage over US competitors. Miners sold 40% of mined BTC in March 2025 due to tariff negotiations and uncertainty.

Read more at Cointelegraph: TeraWulf Q1 loss widens amid rising costs, falling revenue