Earnings ·
TeraWulf reported second-quarter 2026 revenue of $44.8 million, driven by $31.9 million in high-performance computing…
WULFTerawulf Inc.
TeraWulf reported second-quarter 2026 revenue of $44.8 million, driven by $31.9 million in high-performance computing lease revenue. The company ended the quarter with approximately $3.0 billion in cash and restricted cash. Operationally, TeraWulf delivered CB-3 at its Lake Mariner campus, bringing total revenue-generating capacity to 102 MW, while continuing construction on an additional 336 MW. Subsequent to the quarter, the company entered a 20-year lease with Anthropic for approximately 401 MW of critical IT capacity at the Justified Data Campus in Kentucky, representing roughly $19 billion in contracted revenue over the initial term. TeraWulf also acquired the Muskie Data Campus and agreed to sell its 50.1% interest in the Abernathy Joint Venture for approximately $530 million. The company operates large-scale digital infrastructure facilities designed for high-performance computing and artificial intelligence workloads.