BlockBeats News, February 27 — Nasdaq-listed Bitcoin mining company TeraWulf released its earnings report on Thursday. For the full year 2025, revenue reached $168.5 million, a 20.3% increase year-over-year, including $16.9 million from its newly launched HPC leasing business. Despite revenue growth, the company’s full-year net loss widened to $661.4 million, with an adjusted EBITDA loss of $23 million.
TeraWulf has defined 2025 as a “turning point year.” It has signed long-term data center leases covering 522 MW of critical IT load, with contract customer revenue exceeding $12.8 billion, and has secured $6.5 billion in financing to support its HPC platform development. In the fourth quarter, digital asset revenue declined quarter-over-quarter to $26.1 million due to decreases in Bitcoin production and price, while HPC leasing revenue increased to $9.7 million.
The company’s strategy is accelerating its focus on AI and cloud computing clients, with core deployments located in the Lake Mariner industrial park in New York and the Abernathy HPC park in Texas. Earlier this month, TeraWulf also acquired brownfield infrastructure in Kentucky and Maryland, adding approximately 1.5 GW of capacity.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analysts: March CPI print already baked into BTC price
The February CPI data came in broadly as anticipated, reinforcing that higher inflation remains a factor but not a surprise driver for markets. Analysts at 21Shares argued that the macro picture had already priced in the March print, shifting attention to how the Federal Reserve would respond. The
CryptoBreaking31m ago
Bitcoin Hits $69K Triggering $192M Liquidations As Traders Eye Next Move
_Bitcoin moved to $69K liquidated $103M in short positions within a $192M total market wipeout._
_Key liquidity clusters now sit between $66K–$69K and $71K–$74K creating a balanced market setup._
_Traders monitor whether BTC holds above $69K or targets lower liquidity near $66K._
Bitcoi
LiveBTCNews1h ago
