According to The Block, TeraWulf’s high-performance computing business overtook its bitcoin mining segment for the first time in Q1 2026. The company reported HPC lease revenue of $21 million, surpassing digital asset revenue of just under $13 million out of $34 million in total quarterly revenue. CEO Paul Prager noted this marks “the first period where HPC leasing is meaningfully reflected in our financials.” At its Lake Mariner facility in New York, TeraWulf reported 60 MW of HPC capacity now generating revenue, with additional capacity coming online later this year.
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