Name | Value |
---|---|
Revenues | 35.6M |
Cost of Revenue | 28.1M |
Gross Profit | 7.5M |
Operating Expense | 13.6M |
Operating I/L | -6.1M |
Other Income/Expense | -5.6M |
Interest Income | 0.0M |
Pretax | -11.6M |
Income Tax Expense | -0.5M |
Net Income/Loss | -10.9M |
TeraWulf Inc. is a digital asset technology company that specializes in bitcoin mining. The company develops, owns, and operates bitcoin mining facility sites in New York and Pennsylvania. By leveraging these facilities, TeraWulf Inc. generates revenue through the mining of bitcoins, a process that involves validating and recording transactions on the blockchain. This activity is essential to the functioning of the cryptocurrency network and provides the company with a source of income through the creation and management of digital assets.