TeraWulf Q1 High Performance Computing Revenue Surpasses Bitcoin Mining

BlockBeats News, May 8th, TeraWulf's High Performance Computing (HPC) business exceeded its Bitcoin mining business revenue for the first time in the last quarter, reflecting a trend where more companies originally focused on Bitcoin mining are shifting towards the AI and hyperscale cloud infrastructure field.

The company announced that its total revenue for the first quarter of 2026 was $34 million, nearly the same as the $34.4 million in the same period last year.

Specifically, HPC leasing revenue reached $21 million, surpassing the digital asset (Bitcoin mining) revenue of under $13 million. With the gradual increase in long-term computing power leasing contracts, the company's HPC business is rapidly expanding.