ChainCatcher news, according to Cryptonews, Blockchain.com executives have been summoned for failing to submit financial reports on time. Co-founder and president Nicolas Cary and operations executive Al Turnbull received a subpoena from the company registry in May.The case against Blockchain.com executives was brought before the Cardiff Magistrates' Court on September 25, with the next hearing scheduled for November 26 to continue the proceedings.It is reported that Blockchain.com only submitted its year-end financial statements for 2020 this month. Meanwhile, the legal action is related to its failure to submit financial statements for the period ending December 2022.

ChainCatcher news, Bitcoin mining company TeraWulf announced its Q2 financial report, with a production of 699 BTC in the quarter, a year-on-year decrease of 21%. Q2 revenue was $35.6 million, slightly above the market expectation of $35.4 million.Additionally, the company reported a quarterly loss per share of $0.03, lower than the expected loss per share of $0.02. The company also noted that the cost of Bitcoin mining increased by 243% year-on-year, with mining expenses rising from $6,688/BTC in Q2 2023 to $22,954/BTC in Q2 2024.Meanwhile, TeraWulf stated that it will continue to focus on expanding into high-performance computing (HPC) and artificial intelligence in the second half of the year, and has already begun construction of a new building at its Lake Mariner facility. This facility is expected to contribute an additional 50 megawatts of infrastructure capacity when it goes online in Q1 2025.