Убыток TeraWulf в первом квартале увеличился на фоне роста расходов и падения выручки

cryptonews.ru2025-01-12 tarihinde yayınlandı2025-05-12 tarihinde güncellendi

Майнинговая компания TeraWulf сообщила о чистом убытке в размере около 61,4 млн долларов США за первый квартал 2025 года.

Согласно отчету компании о доходах, опубликованному 9 мая, за аналогичный период 2024 года выручка упала до 34,4 млн долларов с 42,4 млн долларов. Себестоимость выручки резко выросла до 24,5 млн долларов по сравнению с 14,4 млн долларов годом ранее.

В результате себестоимость выручки TeraWulf составила 71,4% от общего дохода от операций в первом квартале 2025 года, что более чем вдвое превышает 34%, зафиксированные в предыдущем квартале. В первом квартале 2024 года компания зафиксировала чистый убыток в размере 9,6 млн долларов.

Отчет о прибылях и убытках TeraWulf за первый квартал 2025 года. Источник: TeraWulf.

TeraWulf объяснил снижение доходов биткоин-экономикой после халвинга, сократившего субсидию на блок с 6,25 BTC за добытый блок до 3,125 BTC, растущей сложностью сети и суровыми погодными условиями в северной части штата Нью-Йорк, где расположен майнинговый завод TeraWulf.

Компания не одинока в убытках за квартал, поскольку и без того высококонкурентная майнинговая отрасль сталкивается с сокращением вознаграждений за блок и макроэкономической неопределенностью, вызванной геополитической торговой напряженностью, которая создала потрясения как на финансовых рынках, так и в бизнесе.

Майнинговые компании пострадали от торговых пошлин и высокой неопределенности

Торговые пошлины, введенные президентом США Дональдом Трампом, вызвали обеспокоенность среди майнинговых компаний и аналитиков, поскольку импортные пошлины приведут к росту стоимости оборудования и другой физической инфраструктуры, необходимой для работы криптовалютных узлов.

Рост сложности сети Bitcoin означает, что майнерам приходится тратить вычислительные ресурсы на добычу блоков. Источник: CryptoQuant.

Введение пошлин на оборудование для майнинга, такое как специализированные интегральные схемы (ASIC), также предоставит майнерам за пределами США ценовое преимущество перед конкурентами из США при получении необходимого критически важного оборудования.

В результате продолжающихся переговоров по тарифам майнеры продали 40% добытых ими BTC в марте 2025 года, изменив тенденцию, возникшую после халвинга, когда майнеры накапливали BTC для корпоративных казначейств или резервов.

Март продемонстрировал самую крупную ликвидацию активов майнеров BTC с октября 2024 года — месяца, предшествующего президентским выборам в США 2024 года, которые имели решающее значение для криптовалютной индустрии и представляли собой высокую неопределенность для бизнеса и инвесторов.

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