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Higher Average Bitcoin Prices Boost TeraWulf’s Q3 Earnings

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US-based Bitcoin mining company TeraWulf nearly doubled its revenue in the third quarter of this year thanks to Bitcoin price growth, as well as an expansion in mining capacity and new revenue from its AI business. Third-quarter revenue increased 87% year-over-year to $50.6 million, with “digital asset revenue” accounting for $43.4 million, according to TeraWulf’s … Read more

Institutions Plan Crypto Investment Boost Despite Market Correction

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Institutional investors maintain confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the coming months, according to a new study. More than 61% of institutions plan to increase their investments in cryptocurrencies, while 55% of them have a bullish outlook in the short term, Swiss … Read more