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.

TeraWulf Inc. announced two significant transactions on July 6, 2026. Its subsidiary, Raylan Data LLC, entered a 20-year lease agreement with Anthropic PBC to provide approximately 401 MW of critical IT load for high-performance computing at the company's Kentucky data center campus, with delivery starting in late 2027. Additionally, the company's subsidiary, Big Country Wulf LLC, agreed to sell all equity interests in FS CS I LLC to Fluidstack CS I Inc. and other purchasers for approximately $530 million. This consideration will be paid in three installments: $250 million within 14 days, $150 million by December 31, 2026, and approximately $130 million by April 30, 2027. TeraWulf Inc. operates in the digital asset mining and data center infrastructure industry.