PANews reported on March 1 that according to The block, Bitcoin mining company TeraWulf announced its fourth-quarter results for 2024. In 2024, driven by increased Bitcoin production and higher average realized Bitcoin prices, full-year revenue increased 102% to $140.1 million from $69.2 million in 2023. TeraWulf said its legacy term loan debt was eliminated in 2024, compared with $139.4 million at the end of 2023. As of December 31, TeraWulf had $274.5 million in cash, cash equivalents, and Bitcoin on its balance sheet. By the end of the year, the number of digital assets held had almost quadrupled to 1,801 BTC.