TeraWulf’s $21 million HPC revenue surpasses bitcoin mining for first time in Q1

TeraWulf’s transition from bitcoin miner to AI infrastructure operator crossed an important milestone in the first quarter of 2026, as revenue from its high-performance computing (HPC) hosting business surpassed income generated from mining cryptocurrency for the first time. The company reported $21 million in HPC lease revenue during the quarter, compared with roughly $13 million...