Bitcoin miner TeraWulf is open to merger but not for ‘empire building’
Expanding the number of Bitcoin machines or facilities “makes no sense” if profitability margins don’t increase, TeraWulf’s Kerri Langlais stressed.
Bitcoin (BTC) mining firm TeraWulf says it would consider a merger if there’s an opportunity to widen profit margins—but not if it’s merely for “empire building,” according to its chief strategist.
It comes amid expectations of more mergers and acquisition offers in the mining sector following the latest Bitcoin halving.
“We will certainly consider inorganic growth opportunities through M&A [but] expanding merely for growth’s sake, or ‘empire building,’ without considering profitability makes no sense,” explained Kerri Langlais, TeraWulf’s chief strategy officer in an interview with Cointelegraph.
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Author: Brayden Lindrea
