Bitcoin mining company TeraWulf's revenue is expected to grow by 20% in 2025, accelerating its transformation towards AI and HPC infrastructure

2026-02-27 03:45:31

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Crypto World News: On February 27, Nasdaq-listed Bitcoin mining company TeraWulf released its financial report. For the full year 2025, revenue reached $168.5 million, a 20.3% increase year-over-year, including $16.9 million from the newly launched HPC leasing business. Despite revenue growth, the company’s net loss for the year widened to $661.4 million, with an adjusted EBITDA loss of $23 million. TeraWulf defines 2025 as the “turning point,” having signed long-term data center leases covering 522 MW of critical IT load. Contract customer revenue exceeds $12.8 billion, supported by $6.5 billion in financing for its HPC platform. In Q4, due to declines in Bitcoin production and price, digital asset revenue decreased quarter-over-quarter to $26.1 million, but HPC leasing revenue increased to $9.7 million. The company’s strategy is accelerating toward AI and cloud computing clients, with core locations in Lake Mariner, New York, and Abernathy, Texas. Earlier this month, TeraWulf also acquired brownfield infrastructure in Kentucky and Maryland, adding approximately 1.5 GW of capacity.

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