TeraWulf Q3 Bitcoin Mining Revenue Falls 69% as HPC Leasing Surges
TeraWulf reported bitcoin mining revenue of $13.2 million in the third quarter, down from $43.4 million a year earlier. HPC lease revenue was $63 million, up 774% from $7.2 million.
TeraWulf's (WULF) bitcoin (BTC) mining revenue fell to $13.2 million in the third quarter from $43.4 million a year earlier, a decline of about 69%, while the Nasdaq-listed company reported $63 million in high-performance computing (HPC) lease revenue, up 774% from $7.2 million in the same period l…