TeraWulf Total revenue in the third quarter was $76.23 million, a year-on-year increase of 50.7%
2026-11-06 20:09:32
According to CoinMeta, TeraWulf released its financial report for the third quarter of 2026, with total revenue of 76.23 million US dollars, a year-on-year increase of 50.7%. HPC rental income amounted to 62.99 million US dollars, compared to 7.2 million US dollars in the same period last year, while digital asset revenue was 13.24 million US dollars, a year-on-year decrease of 69.5%. Net profit was approximately 710 million US dollars, compared to a net loss of 455 million US dollars in the same period last year, benefiting from gains of 728 million US dollars from changes in the fair value of warrants. After adjustments, EBITDA was negative 12.8 million US dollars. As of September 30, cash and cash equivalents were about 2.4 billion US dollars. Lake Mariner has 102 MW key IT capacities in operation, with 336 MW under construction. TeraWulf and Anthropic signed a 401 MW lease for 20 years, with contract revenue of approximately 19 billion US dollars, expected to be delivered in phases by the end of 2027. During the quarter, TeraWulf sold 50.1% of the equity in a Abernathy joint venture, recognizing revenue of 95 million US dollars. The chairman and CEO, Paul Prager, stated that the company will continue to prudently allocate capital, focusing on creating long-term value for shareholders.
Source:Internet
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