PANews|Aug 05, 2026 11:31
[TeraWulf Q2 Single-Quarter Revenue: $44.767 Million]
According to filings with the U.S. Securities and Exchange Commission, TeraWulf announced its second-quarter 2026 performance, reporting single-quarter revenue of $44.767 million, of which HPC leasing revenue accounted for $31.932 million, approximately 71%. The company has already brought online 102 MW of revenue-generating IT capacity at Lake Mariner in New York, with an additional 336 MW under construction. The unit IT capacity cost remains in the range of $8–10 million per MW. TeraWulf acquired up to 1 GW of power service through the acquisition of the Muskie Data Campus in Kentucky and signed a 20-year data center lease agreement for approximately 401 MW with Anthropic at the Justified campus, with an initial contract value of approximately $1.9 billion.
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