THE BLOCK · 2026-11-06 13:40 UTC

TeraWulf's bitcoin mining revenue falls 69% as HPC leasing surges amid Anthropic buildout

TeraWulf's digital asset (bitcoin mining) revenue fell to $13.2 million in the third quarter. HPC lease revenue reached nearly $63 million, and the company now earns most of its revenue from high-performance computing. TeraWulf reported a quarterly operating loss of $88.2 million despite almost $710 million in net income.

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