Mining company TeraWulf: willing to consider mergers rather than expanding the business scale

ChainCatcher news, according to Cointelegraph, Bitcoin mining company TeraWulf has expressed a willingness to consider mergers rather than expanding its business scale. The company's CEO, Paul Prager, stated that they prefer to enhance the company's market position through strategic mergers instead of pursuing large-scale expansion. TeraWulf currently has multiple mining sites in the United States and plans to continue expanding its mining facilities in New York and Pennsylvania.

In addition, TeraWulf has recently increased the number of its own mining machines and achieved significant Bitcoin production growth in the first half of 2023, reporting that its hash rate reached 5.5 EH/s, with expectations to increase to 7.9 EH/s by the end of the year.