TeraWulf Suffers Massive Q1 Loss of $61 Million Amidst Bitcoin Halving and Tariff Pressures

Crypto mining company TeraWulf has reported a staggering $61.4 million loss for the first quarter of 2025, more than six times its losses from the same period in 2024. The post-Bitcoin halving challenges have significantly impacted the sector, with TeraWulf’s revenue dropping by 19% year over year to $34.4 million, and operational costs ballooning to $24.5 million from $14.4 million last year.