TeraWulf HPC Revenue Tops Bitcoin Mining for First Time in Q1

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TeraWulf reported $21 million in Q1 HPC lease revenue, exceeding digital asset revenue of just under $13 million for the first time. Total revenue was $34 million, roughly flat from $34.4 million a year earlier. Net loss widened to $427.6 million, with nearly half attributed to non-cash warrant revaluations.

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