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Deep Tide TechFlow News, May 09, according to Decrypt, publicly traded Bitcoin mining company TeraWulf (WULF) released its Q1 2026 financial report, reporting a net loss of $427 million for the quarter, far exceeding last year's same period loss of $61.4 million. The company's total revenue was $34 million, with AI high-performance computing (HPC) revenue accounting for 60%, approximately $21 million, a 117% quarter-over-quarter increase; Bitcoin mining revenue, meanwhile, declined 50% quarter-over-quarter to about $13 million, with AI computing power revenue surpassing mining business for the first time. The company previously signed a 25-year lease with FluidStack, with a total contract value of about $9.5 billion, and received backing from Google.