TeraWulf increases self-mined BTC in Q2, while Hut8 looks to USBTC merger

Bitcoin (BTC) mining firm TeraWulf has actually seen an extreme increase in BTC benefits because increasing its mining capacity in the first half of 2023. 508 BTC was mined in Q1, while the company included another 375 self-mined BTC to its balance sheet in Q2.The increase in hash rate and mined BTC likewise led to an uptick in quarterly income for the company, up from $11.5 million to $15.5 million in Q2. The company stated 20% of its installed hash rate had actually been affected as a result.The companys self-mined Bitcoin balance sits at 9,136 BTC, presently valued at $368.7 million.