TeraWulf (WULF) Q1 2026 Earnings Report Highlights Revenue Shift and Cost Reduction
TeraWulf reported total revenue of $34 million for Q1 2026, a slight decline from the previous quarter due to lower Bitcoin production. High-Performance Computing (HPC) lease revenue surged by 117% year-over-year to $21 million and is becoming a key contributor as Digital Asset Revenue declines. The company also saw significant reductions in cost of revenue and demand response proceeds, while operating expenses increased slightly.
Tickers: $WULF
Topics: cost_of_revenue depreciation impairment operating_expenses revenue