According to Zhitong Finance APP, prior to the U.S. market open on November 6, TeraWulf (WULF.US) announced its third-quarter 2026 financial results. The report showed that total revenue for the quarter was $76.23 million, representing a year-over-year increase of approximately
51%, exceeding the market expectation of approximately $70.43 million. Of this, HPC data center rental revenue amounted to $62.99 million, accounting for about 83% of total revenue, compared to just $7.2 million in the same period last year.
$13.24 million; digital asset income from Bitcoin mining decreased by approximately 69.5% year-over-year, reflecting the company’s accelerated transition from mining to AI computing infrastructure.
The "quality" of profits requires careful consideration: net income of $710 million (compared to a net loss of $455 million in the same period last year), but nearly all of it comes from $728
Non-cash gain from the fair value change of $100 million in warrants; GAAP earnings per share were negative $0.03, exceeding expectations by $0.17.
After excluding non-cash items, non-GAAP adjusted EBITDA was -$12.8 million, compared to $18.13 million in the same period last year; operating loss
$882.3 million, an increase year-over-year. As of the end of September, the company's total cash, cash equivalents, and restricted cash amounted to approximately $2.4 billion.
The data center layout has achieved several milestones. The flagship Lake Mariner campus has 102 MW of critical IT capacity now operational, with an additional 336 MW under construction (CB-4)
Phased delivery beginning in Q4; CB-5 to be delivered in early 2027); Justified Campus has signed a 20-year agreement for approximately 401 MW with Anthropic
A ten-year lease with an initial contract revenue of approximately $19 billion, supported by Google’s project financing credit and a turnkey EPC contract with Fluor, with phased commissioning expected to begin by the end of 2027; Muskie
The园区's contracted power capacity has been expanded from 500 MW to 1000 MW (subject to approval by the Kentucky Public Service Commission).
In terms of capital, the company sold its 50.1% stake in the Abernathy joint venture.
Recognized $95 million in earnings and increased the revolving credit facility from $250 million to $400 million.
CEO Paul Prager stated that the company is carefully allocating capital, focusing on fulfilling its commitments, and creating long-term value for shareholders, reaffirming its target of adding 250–500 MW of critical IT capacity annually.
Target capacity.