TeraWulf posts $76.2 million Q3 revenue as AI leases outgrow Bitcoin mining

High-performance computing leases made up about 83% of the quarter's sales, and the company reaffirmed its annual capacity growth target TeraWulf reported $76.2 million in third-quarter revenue and reaffirmed its fiscal 2026 guidance for capacity growth. The Nasdaq-listed company (WULF) disclosed the results on November 6, 2026. High-performance computing (HPC) leases brought in approximately $63.0 million during the quarter. That works out to roughly 83% of total revenue. Digital asset revenue came to $13.2 million . Most of it came from Bitcoin mining at the company’s Lake Mariner facility. The quarter’s bottom line looked dramatic. Net income reached approximately $709.9 million , which is far larger than the revenue that generated it. That gap comes largely from non-cash adjustments.

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