Bitcoin Miner TeraWulf Considers Merger to Boost Profit Margins

Bitcoin mining company TeraWulf is considering a merger to expand its profit margins following the drop in profits after the Bitcoin halving event. Other mining firms have also been exploring merger options to sustain declining profits. TeraWulf is prioritizing organic growth at its current locations and enhancing shareholder returns, but is open to inorganic growth opportunities through mergers and acquisitions. However, TeraWulf's chief strategy officer, Kerri Langlais, warns that expanding for growth's sake without considering profitability makes no sense. The intense competition for power resources is also driving up land and power prices, making it difficult for Bitcoin miners to expand.