TeraWulf Q3 Revenue Surges 87% to $50.6M on Bitcoin Rally and AI Expansion

Bitcoin miner TeraWulf posted a pointy rebound within the third quarter, practically doubling its year-over-year income as the corporate benefited from Bitcoin’s worth surge and rising publicity to synthetic intelligence infrastructure.

In its Q3 earnings report released Monday, the US-based firm stated complete income rose 87% to $50.6 million, pushed largely by greater Bitcoin costs and further revenue from high-performance computing (HPC) leasing. Of that complete, $43.4 million got here from “digital asset income.”

TeraWulf Offsets Lower Bitcoin Output With Higher Prices, Boosting Revenue

TeraWulf mined 377 Bitcoin through the quarter, down from 555 a 12 months earlier, however compensated with stronger pricing, the typical Bitcoin worth through the interval was $114,390, in contrast with $61,023 in Q3 2024.

“The improve in income was primarily due to greater common Bitcoin costs, partially offset by a lower in Bitcoin mined,” the corporate stated.

The agency additionally attributed the outcomes to expanded mining capability and the beginning of AI-related lease income.

Following the April 2024 halving that lower block rewards, a number of miners, together with TeraWulf, have begun repurposing a part of their operations for AI and high-compute workloads to diversify revenue streams.

Good morning, everybody. Reminder that tonight, at 4:30 pm ET, $WULF will host its Third Quarter Earnings Conference Call.

See you there

Link to be a part of right here: https://t.co/QcTe3lPbYy

— TeraWulf (@TeraWulfInc) November 10, 2025

CEO Paul Prager stated the corporate stays “squarely centered on execution whereas advancing the subsequent section of development for 2027 and past.”

He highlighted an expanded partnership with Fluidstack and Google at TeraWulf’s Lake Mariner web site in New York, with further improvement underway on the Abernathy three way partnership within the Southwest Power Pool.

To assist its information heart build-out, TeraWulf introduced a $3.2 billion senior secured notes providing in October and signed three 10-year lease offers value $6.7 billion with Fluidstack for AI infrastructure internet hosting.

Shares of TeraWulf (WULF) rose as a lot as 6% on Monday to $14.85 earlier than paring positive factors to shut at $14.30, up 0.49% for the day.

The sturdy quarterly efficiency underscores how miners are adapting to Bitcoin’s shifting economics, balancing AI internet hosting growth whereas nonetheless driving the momentum of a stronger BTC market restoration.

Bitcoin Mining Profitability Hits Multi-Month Lows

As reported, Bitcoin miners are facing mounting pressure as profitability plunges to its lowest stage in months, pushed by rising energy prices, declining Bitcoin costs, and lowered block rewards following April’s halving.

The key profitability metric, often called hash worth, has dropped to round $42 per PH/s, nearing break-even ranges that threaten smaller operations and squeeze trade margins.

The downturn has rippled throughout the provision chain, with {hardware} gross sales slowing and gear producers struggling as miners delay purchases or cancel orders.

Some companies, like Bitdeer, have turned to self-mining, whereas others are pivoting to AI and high-performance computing (HPC) to capitalize on stronger margins and regular demand.

Major US miners are main this shift. Cipher Mining just lately secured a $5.5 billion AI computing cope with Amazon Web Services, and IREN signed a $9.7 billion settlement with Microsoft for GPU-based AI companies.

As Bitcoin’s complete hashrate surpasses 1 zetahash per second (ZH/s) for the primary time, the trade is more and more reworking from conventional crypto mining towards powering the broader AI and information infrastructure economic system.

The publish TeraWulf Q3 Revenue Surges 87% to $50.6M on Bitcoin Rally and AI Expansion appeared first on Cryptonews.