The payment will allow the company to focus on scaling operations rather than keeping up with debt obligations in the post-halving environment.
On July 9, crypto mining firm TeraWulf announced it paid off its outstanding debt earlier than expected, in a final payment of $77.5 million. Executives for TeraWulf said the debt reduction would allow the company to maximize its resources and focus on the deployment of mining infrastructure, rather than meeting burdensome debt obligations.. TeraWulf chief strategy officer Kerri Langlais recently told Cointelegraph that the company was not seeking aggressive expansion through mergers and acquisitions, citing increases in profit margins and operational efficiency as ways to provide sustainable shareholder returns.
In June, mining executives from CleanSpark, Marathon Digital, Riot Platforms, and TeraWulf met with former United States President Trump to discuss issues facing the industry. A mere 24 hours later, the Bitcoin Voter Project was born.. It differs from a political action committee in that it cannot endorse specific candidates or run partisan campaign advertisements.
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Source: Cointelegraph - 🏆 562. / 51 Read more »