TeraWulf Q3 revenue reaches $76.2 million, with HPC leasing revenue accounting for about 83%

Nov. 6: According to an official announcement, bitcoin miner-turned-digital infrastructure company TeraWulf (WULF) reported third-quarter 2026 results, with revenue of $76.2 million, of which HPC leasing revenue was $63 million, accounting for about 83%; net income was about $709.9 million, and adjusted EBITDA was about -$12.8 million, affected by non-cash factors such as changes in the fair value of warrants. As of September 30, its Lake Mariner campus had 102 MW of critical IT capacity in operation, with another 336 MW under construction; contracted power capacity at its 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 its 50.1% interest in the Abernathy joint venture, recognizing a gain of $95 million, and held about $2.4 billion in cash and restricted cash at quarter-end. Previously, TeraWulf signed a lease agreement with Anthropic for about 401 MW over 20 years, totaling about $19 billion.