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TeraWulf's AI Revenue Surges 117% but Posts $427M Loss – #CryptoUpdatesGNIT
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TeraWulf's AI Revenue Surges 117% but Posts $427M Loss – #CryptoUpdatesGNIT
Bitcoin miner TeraWulf posted a net loss of $427 million in the first quarter of 2026, up from the $61.4 million loss recorded in the same period a year earlier. Total revenue for the quarter came in at $34 million, with high-performance computing (HPC) lease revenue accounting for $21 million, roughly 60% of the total and a 117% jump from the prior quarter, according to a Friday announcement. Bitcoin mining revenue fell 50% to around $13 millio…
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