I noticed an important news about TeraWulf that has started to focus more on artificial intelligence and high-performance computing. The company announced its financial results for 2025, with revenue growth of 20.3% compared to the previous year.



Revenue reached $168.5 million, with a significant portion coming from new high-performance computing leasing services, which alone generated $16.9 million. This means the company is truly shifting from a focus solely on Bitcoin mining to broader fields.

On the other hand, net losses widened significantly, reaching $661.4 million for the full year. Adjusted EBITDA loss was $23.1 million. The company calls 2025 the "Year of Transformation," and has indeed signed long-term lease agreements covering 522 megawatts of critical computing.

In the fourth quarter, Bitcoin mining revenue declined to $26.1 million due to lower production and prices, but HPC revenue increased to $9.7 million, confirming the company's new direction. They currently have customer contracts worth over $12.8 billion and $6.5 billion in funding to build their platform.

The new strategy focuses on clients in artificial intelligence and cloud computing, with expansion of their facilities in New York and Texas. Earlier this month, they acquired infrastructure in Kentucky and Maryland, adding approximately 1.5 gigawatts of additional capacity.
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