Bitcoin miner TeraWulf raises $17M in Q3, but here’s the catch

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Riot Blockchain reported revenue of $46.3 million for Q3 2022 Australian crypto mining group Iris Energy has received a default notice from Bitmain Technologies Bitcoin mining company TeraWulf raised $17 million in the third quarter of 2022. But its liquidity remained low at $4.5 million, at press time. TeraWulf released its financial results for Q3 (July- […]

Australian crypto mining group Iris Energy has received a default notice from Bitmain Technologies

Additionally, $138.5 million of principal under the term loan stood outstanding at the end of this quarter. TeraWulf self-mined 117 Bitcoin coins and generated revenue worth $3.9 million during this period. However, the power cost per Bitcoin increased from $15,365 in Q2 2022 to $20,732 in Q3 2022.

 

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