TeraWulf doubles AI revenue but posts $427M quarterly loss as mining income declines
Bitcoin miner TeraWulf reported a net loss of $427 million for the first quarter of 2026, a significant increase from the $61.4 million loss recorded in the same period last year, as the company accelerates its costly transition from cryptocurrency mining to high-performance computing (HPC) and artificial intelligence infrastructure. AI revenue surges as mining income […]
