TeraWulf Inc. Reports Third Quarter 2026 Financial Results

TeraWulf reported third-quarter 2026 revenue of $76.2 million, above the $62.5 million FactSet consensus, and a net loss of $0.03 per share, narrower than the expected $0.10 loss. HPC lease revenue was $63.0 million, about 83% of total revenue. The company maintained 102 MW of critical IT capacity at its Lake Mariner facility, with another 336 MW under construction. TeraWulf also secured a Google credit backstop for financing tied to an Anthropic lease and signed a definitive EPC agreement with Fluor for its Justified Data Campus.