TeraWulf: Bitcoin mining competition is fierce, and we will consider mergers and acquisitions if we can improve our profit margins

BlockBeats news, July 8, according to Cointelegraph, Bitcoin mining company TeraWulf chief strategist Kerri Langlais said that if there is an opportunity to expand profit margins, the company will consider mergers, but if it is just for expansion, it will not consider corporate mergers and acquisitions.

Langlais said that due to the increasing competition for sites and power resources, Bitcoin miners face huge obstacles to expansion. Super-large-scale mining companies are ensuring available electricity across the country, competing for locations sought after by BTC miners. Fierce competition is pushing up land and electricity prices, thereby reducing the profitability of new Bitcoin mining projects.