Project Progress

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TeraWulf Q1 earnings report: HPC revenue first surpasses Bitcoin mining, net loss reaches $427 million

According to Decrypt’s May 9 report, Bitcoin miner and data center operator TeraWulf (WULF) released its 2026 first-quarter financial results, recording a net loss of approximately $427 million. Total quarterly revenue was $34 million, of which revenue from its AI high-performance computing (HPC) business was $21 million, marking the first time in TeraWulf’s history that its quarterly HPC revenue surpassed Bitcoin mining revenue.
MarketWhisper·05-09 01:56
TeraWulf Q1 earnings report: HPC revenue first surpasses Bitcoin mining, net loss reaches $427 million

BlackRock launches two more tokenized funds; BRSRV targets the stablecoin market

BlackRock filed with the SEC to launch two tokenized funds, BSTBL and BRSRV. BSTBL invests in short-term U.S. Treasury bills on Ethereum and issues digital equity. BRSRV is a cross-chain stablecoin reserve tool. The move responds to the emerging Genius Act regulatory framework and shows its long-term strategy to push on-chain assets.
ETH-4.06%
RWA-2.08%
ChainNewsAbmedia·05-09 01:44
BlackRock launches two more tokenized funds; BRSRV targets the stablecoin market

TeraWulf Q1: HPC revenue surpasses Bitcoin mining for the first time, loss of $428 million, Hawesville to acquire 300 million

TeraWulf for the first time in 2026 Q1 saw HPC lease revenue exceed Bitcoin mining revenue, accounting for 62% of total revenue. The main reason was Core42’s long-term data center contract; however, the company posted a net loss of $427.6 million this quarter, mainly due to non-cash warrant revaluation and interest costs. The company is driving expansion with a $301.9 million acquisition via Hawesville. It has $3.09 billion in cash and restricted cash, with subsequent progress pending power-up and new customer contract signings.
BTC-2.53%
ChainNewsAbmedia·05-09 00:43
TeraWulf Q1: HPC revenue surpasses Bitcoin mining for the first time, loss of $428 million, Hawesville to acquire 300 million

JUST's GasFree Processes 725,000 Transactions, $11.3B in April

According to JUST's official announcement, GasFree, a feature launched by JustLend DAO, processed 725,000 transactions for 287,000 users in April. The feature enables Tron network users to transfer USDT without pre-holding TRX, with gas fees paid directly from wallet USDT balances. In total, GasFree
TRX-1.24%
GateNews·05-08 06:16
JUST's GasFree Processes 725,000 Transactions, $11.3B in April

Doctor Fan Chengdiao’s speech: Cryptocurrency token design “speculation” becomes a way to raise capital

Pi Network co-founder Dr. Fan Chengdiao said at the Consensus Miami 2026 conference held in Miami, the United States on May 6 (Wednesday) that the crypto industry has long suffered from a disconnect between token design and actual innovation, and argued that tokens should serve as tools to drive real user engagement and product benefits, rather than as a means for capital raising.
PI-11.52%
MarketWhisper·05-08 05:37
Doctor Fan Chengdiao’s speech: Cryptocurrency token design “speculation” becomes a way to raise capital