Bitcoin Miner TeraWulf Is Open To Merger To Widen Profit Margin

By Staff of Crypto Adventure

Monday, July 8, 2024 5:26 AM EST

Gold Bitcoin crypto currency on background of chart diagram — Stock Photo, Image

Bitcoin mining firm TerraWulf says it would consider a merger if there’s an opportunity to widen its profit margins. This comes following the expectations of more mergers and acquisition offers in the mining sector, following the latest Bitcoin halving. TeraWulf is focusing more on “organic growth” at its existing sites and shareholder returns. TeraWulf mines most of its bitcoin using nuclear energy, which can remain profitable if the price of bitcoin is above $40,000. Bitcoin is currently trading at $55,700, down 4.4% over the last 24 hours.

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