2 hours ago
TeraWulf, a publically listed US integer infrastructure company, missed fourth-quarter net estimates arsenic its mining gross dropped amid falling Bitcoin prices successful precocious 2025.
TeraWulf (WULF) released 2025 earnings connected Thursday, reporting a fourth-quarter nonaccomplishment of $1.66 per share, compared with a nonaccomplishment of $0.21 per stock a twelvemonth earlier. Analysts surveyed by Yahoo Finance had expected a $0.16 loss.
Revenue for the 4th ended Dec. 31 totaled $35.8 million, including $26.1 million from integer assets and $9.7 cardinal from high-performance computing (HPC), down from $50.6 cardinal successful the 3rd quarter. Analysts had expected an mean of $44.1 million.
For the afloat year, Terawulf’s gross roseate from $140.1 cardinal successful 2024 to $168.5 million, expecting further maturation successful 2026 with $12.8 cardinal successful signed AI and HPC contracts.
“We are advancing physique schedules and optimizing plan to enactment next‑generation AI workloads astatine scale,” TeraWulf’s main exertion serviceman Nazar Khan said.
TeraWulf plans to treble full capableness with Kentucky and Maryland sites
TeraWulf plans to grow its infrastructure successful 2026 with the acquisition of a tract successful Kentucky (MISO) and a planned acquisition successful Maryland (PJM).
The institution expects these acquisitions to adhd 1.5 gigawatts (GW) to its platform, much than doubling its existent capableness and bringing full owned level capableness to astir 2.8 GW crossed 5 sites.
Source: TeraWulfTogether, the sites signifier a multi-year improvement way susceptible of supporting 250-500 megawatts (MW) of captious IT capableness annually, allowing TeraWulf to standard with increasing AI request portion maintaining disciplined superior deployment and credit-backed contracts.
“We participate 2026 with 522 captious IT MW of contracted HPC capableness and a gross 2.9-GW multi-regional level designed for semipermanent expansion,” CEO Paul Prager said.
Related: Bitcoin miner MARA posts $1.7B quarterly nonaccomplishment connected BTC slump
Bitcoin mining companies person struggled arsenic the cryptocurrency’s terms fell from astir $125,000 successful aboriginal October to astir $60,000 by February 2026, according to TradingView.
At $67,982 astatine the clip of publication, Bitcoin is trading good beneath the estimated mean outgo to excavation 1 coin, $87,310, according to MacroMicro.
The diminution has intensified unit connected miners to pivot into AI and HPC, fueling a broader unreserved into information center operations.
Magazine: Bitdeer sells each Bitcoin, Metaplanet rejects misconduct claims: Asia Express
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