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via The Block · By The Block Editorial

TeraWulf’s $21 million HPC revenue surpasses bitcoin mining for first time in Q1

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The Block Editorial

(03:37 PM UTC)

1 min read

Reviewed byMichael Roberts

0 comments

TeraWulf's high-performance computing business overtook its bitcoin mining segment for the first time last quarter, following a trend of former pure-play bitcoin miners shifting focus to AI and hyperscaler infrastructure.

The company reported $34 million in total revenue for Q1, roughly flat from $34.4 million from a year earlier.

HPC lease revenue reached $21 million, surpassing digital…

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