NEUTRAL 45 The Block 1H ago · 1 min read 1 read

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

AI summary

TeraWulf's bitcoin mining revenue dropped 69% year over year, while its AI-related high-performance computing lease revenue hit $63 million, up 774% from a year earlier. The shift reflects the company's pivot toward HPC hosting, including an Anthropic buildout, away from pure bitcoin mining. Traders watching miner economics will note the declining BTC revenue offset by fast-growing AI infrastructure income.

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