Bitcoin mining company TeraWulf reported third-quarter revenue of $50.6 million, an 87% year-over-year increase.

US-based Bitcoin mining company TeraWulf released its third-quarter financial report. The data shows that the company's revenue reached $50.6 million, an 87% year-over-year increase, with digital asset revenue accounting for $43.4 million. Although only 377 bitcoins were mined this quarter, down from 555 in the same period last year, rising prices offset the decline in production. TeraWulf stated that the revenue growth also benefited from the expansion of its computing power and the advancement of its AI high-performance computing leasing business. (Cointelegraph)