Bitcoin Mining company TeraWulf reported a 20% increase in revenue for 2025, with its net loss widening to $661 million, as it accelerates its transition to AI and HPC businesses
Svmuu News Nasdaq Listed Bitcoin Mining company TeraWulf released its 2025 financial report, reporting annual revenue of $168.5 million, a 20.3% year-over-year increase, with $16.9 million coming from its newly launched high-performance computing (HPC) leasing business.However, the company’s full-year net loss widened to $661.4 million, compared to $72.4 million in 2024; non-GAAP adjusted EBITDA was a loss of $23.1 million.In the fourth quarter, impacted by declining production and prices for the "Bitcoin," revenue from the digital assets business fell from $43.4 million in the third quarter to $26.1 million; during the same period, HPC leasing revenue rose from $7.2 million to $9.7 million.The company stated that 2025 marks a critical juncture in its strategic transformation. It has currently secured contracts for 522 MW of HPC capacity, with total revenue from related clients exceeding $12.8 billion, and has secured $6.5 billion in financing to support data center expansion.TeraWulf stated that it will continue to advance its AI and computing infrastructure deployment in the future to achieve more stable long-term cash flow. (The Block)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Goldman Sachs' latest research report: Maintains its year-end 2027 gold price target of $5,400, but lowers its year-end 2026 forecast to $4,650, stating that Federal Reserve rate hikes will only slow short-term gains, and central bank gold purchases are the core driver.
-
2
U.S. Energy Secretary Chris Wright says another round of crude loans from the Strategic Petroleum Reserve is a “very real possibility” amid higher oil prices and steep futures backwardation.
-
3
Hong Kong Financial Secretary Christopher Hui: The government is studying expanding the scope of RMB usage, including promoting RMB payment for stamp duty on stock transactions and an RMB counter for Stock Connect Southbound Trading.
-
4
Fed rate hike to 3.75%-4.00% pushes 1-year Treasury yield to 4.45%, making crypto lending less attractive
-
5
HKMA: The total number of stored value facility accounts reached 90.38 million in Q2 2026, a quarter-on-quarter increase of 1.8%.
-
6
NVIDIA's optimistic outlook boosts tech stocks, Nasdaq futures rise 0.7%, South Korea's KOSPI leads Asian markets with a 2.7% gain.
-
7
Brent crude oil fell 2.0% intraday, nearing $97/barrel, Bitcoin rose 1.2% to $77,426, and gold increased by 0.5%.
-
8
JPMorgan Chase and Santander Lead Over £1 Billion Loan for Drax's Acquisition of Bluefield Solar
-
9
Prudential Exits AlexForbes as Motsepe’s ARC Boosts Stake
-
10
Bitcoin Spot and Futures Trading Platform Guide: Choosing Secure and Compliant Global Channels
Markets Today
Recommended Reading



