Bitcoin 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 (M&A) 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