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Bitcoin miner TeraWulf posted a nett nonaccomplishment of $427 cardinal successful the archetypal 4th of 2026, up from the $61.4 cardinal nonaccomplishment recorded successful the aforesaid play a twelvemonth earlier.
Total gross for the 4th came successful astatine $34 million, with high-performance computing (HPC) lease gross accounting for $21 million, astir 60% of the full and a 117% leap from the anterior quarter, according to a Friday announcement. Bitcoin mining gross fell 50% to astir $13 million.
The HPC gross was driven by 60 megawatts of operational captious IT capableness astatine Lake Mariner, 1 of North America's largest HPC campuses, leased to Core42. TeraWulf is besides coordinating infrastructure transportation with Fluidstack and Google, with further capableness buildings connected way for transportation successful 2026. The institution ended the 4th with astir $3.1 cardinal successful cash.
“Our superior operation is designed to align semipermanent financing with contracted currency flows, supporting disciplined maturation portion maintaining fiscal flexibility,” main fiscal serviceman Patrick Fleury said.
Related: CoreWeave shows however crypto-era infrastructure softly became AI’s backbone
TeraWulf accelerates AI transition
In October past year, TeraWulf announced a 25-year lease woody with Fluidstack, backed by Google, worthy astir $9.5 cardinal successful contracted revenues, an enlargement of an earlier 10-year commitment. The miner is besides gathering retired a nationalist pipeline of power-advantaged sites, including a recently acquired 480 MW tract successful Hawesville, Kentucky, a 300 MW task successful Lansing, New York, and a 210 MW tract successful Morgantown, Maryland, with imaginable to standard to 1 gigawatt.
“We are gathering a power-advantaged level that we judge is progressively differentiated successful a marketplace constrained by entree to power,” CEO Paul Prager said, noting that the company's Abernathy associated venture, a 168 MW HPC task nether a 25-year lease, remains connected way for transportation successful the 4th fourth of 2026.
Shares of WULF closed the time down 2.6%, though the banal has gained much than 105% since the commencement of the twelvemonth and is up implicit 30% successful the past month.
TeraWulf shares decline. Source: Yahoo! Finance
Related: Bitcoin Miner Bitdeer Liquidates Entire BTC Treasury, Holdings Fall to Zero
Riot’s information halfway concern generates $33 cardinal successful revenue
As Cointelegraph reported, Riot Platforms posted $167.2 million successful gross for the archetypal 4th of 2026, with its recently launched information halfway concern contributing $33.2 million, helping offset a diminution successful Bitcoin mining revenue, which fell to $111.9 cardinal from $142.9 cardinal a twelvemonth earlier.
Bitcoin miners are pivoting to AI infrastructure arsenic shrinking margins propulsion the manufacture toward much predictable revenue, with Core Scientific, MARA Holdings, Hive, Hut 8 and Iren converting mining facilities into information centers oregon acquiring AI compute assets.
Magazine: Bitcoin volition not deed $1M by 2030, says seasoned trader Peter Brandt
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