Bitcoin mining company TeraWulf's 2025 revenue is expected to grow by 20%, with net losses widening to $661 million, accelerating its transformation into AI and HPC businesses.

2026-02-27 03:41:10

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Odaily Planet Daily reports that Nasdaq-listed Bitcoin mining company TeraWulf has released its 2025 financial report, with annual revenue reaching $168.5 million, a 20.3% increase year-over-year. Of this, $16.9 million came from the newly launched high-performance computing (HPC) leasing business. However, the company’s net loss for the year widened to $661.4 million, compared to $72.4 million in 2024; non-GAAP adjusted EBITDA loss was $23 million.

In the fourth quarter, due to declines in Bitcoin production and price, digital asset revenue dropped from $43.4 million in Q3 to $26.1 million; meanwhile, HPC leasing revenue increased from $7.2 million to $9.7 million.

The company stated that 2025 is a key year for strategic transformation. It has already signed contracts for 522 MW of HPC capacity, with total customer revenue exceeding $12.8 billion, and secured $6.5 billion in financing to support data center expansion. TeraWulf said it will continue to advance AI and computing infrastructure deployment to achieve more stable long-term cash flow. (The Block)

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