TeraWulf's Q3 revenue was $76.2 million, with HPC leasing revenue accounting for approximately 83%.

PANews, November 6 news: According to an official announcement, TeraWulf (WULF), a digital infrastructure company transformed from a Bitcoin mining company, reported its financial results for the third quarter of 2026, with revenue of $76.2 million, of which HPC leasing revenue was $63 million, accounting for approximately 83%; affected by non-cash factors such as changes in the fair value of warrants, net profit was approximately $709.9 million, and adjusted EBITDA was approximately -$12.8 million. As of September 30, 102 MW of critical IT capacity was in operation at its Lake Mariner campus, with another 336 MW under construction; the contracted power capacity at the Muskie campus was expanded from 500 MW to 1 GW (pending approval by the Kentucky Public Service Commission). During the quarter, the company completed the sale of a 50.1% interest in the Abernathy joint venture, recognizing a gain of $95 million, and held approximately $2.4 billion in cash and restricted cash at quarter-end. Previously, TeraWulf had signed a lease agreement with Anthropic for approximately 401 MW, a 20-year term, and a total value of approximately $19 billion.