TeraWulf shifts from Bitcoin mining to AI data centers by expanding HPC rental revenue share
WULF TeraWulf Inc
$12.38 +8.88%
View chart & analysis → - 1HPC rental revenue, accounting for approximately 83% of TeraWulf's third-quarter total revenue, reached $63 million.
- 2TeraWulf reported a 69% decrease in third-quarter Bitcoin mining revenue but reported a net income of $709.9 million.
- 3TeraWulf completed the sale of its 50.1% stake in the Abernathy joint venture during the quarter.
So what's the key point?
TeraWulf earned over $63 million from renting out facilities for artificial intelligence. While earnings from Bitcoin mining decreased, the company recorded a net income of $709.9 million.
Source CryptoProwl +1 · View original ↗
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