TeraWulf Inc. (WULF) Stock: Falls as HPC Revenue Jumps 52% and Anthropic Deal Fuels Growth
TLDR
- HPC lease revenue rose 52% to $31.9 million and led total quarterly sales growth.
- Anthropic signed a 20-year lease worth about $19 billion in initial revenue.
- Lake Mariner capacity reached 102 MW after TeraWulf completed the CB-3 facility.
- TeraWulf ended the quarter with about $3 billion in cash and restricted cash.
- The company still targets 250 MW to 500 MW of new contracted capacity yearly.
TeraWulf (WULF) stock fell 1.91% to $18.52 after volatile trading and a steady afternoon decline. However, the company reported stronger high-performance computing revenue and expanded its long-term infrastructure pipeline. The results showed a faster shift from bitcoin mining toward contracted data center leasing.
HPC Revenue Drives TeraWulf’s Second Quarter
TeraWulf generated $44.8 million in second-quarter revenue, with HPC leasing contributing $31.9 million. That figure rose 52% from the previous quarter and represented about 71% of total revenue. Meanwhile, digital asset revenue held near $12.8 million but fell sharply from the previous year.
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