Bitcoin mining company TeraWulf merges with Nasdaq-listed Ikonics

Bitcoin mining company TeraWulf merges with Nasdaq-listed Ikonics


According to sources, Bitcoin mining company TeraWulf agreed to merge with Ikonics, a Nasdaq-listed imaging technology company. According to a statement on Friday, the two companies reached an agreement to merge into a new holding company TeraWulf. TeraWulf aims to mine Bitcoin with more than 90% of zero-carbon energy. It has orders for more than 60,000 miners to provide it with 50 MW of mining capacity, which is expected to grow to 800 MW by 2025, thereby achieving a computing power of more than 23 EH/s.

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