Crypto

TeraWulf’s AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss

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In brief

  • Shares in TeraWulf (WULF) fell on the day after the firm reported a $446 million loss in Q1.
  • The firm reported revenues of $34 million, 60% of which are now attributed to its expansion into AI HPC.
  • Meanwhile its Bitcoin mining revenues fell 50% quarter-over-quarter to around $13…

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