According to TeraWulf’s Q1 2026 earnings report, the company’s high-performance computing lease revenue reached $21 million, surpassing its digital asset revenue of just under $13 million. The milestone marks the first quarter in which HPC leasing meaningfully contributed to the company’s financials as it ramps up long-term compute contracts. Total revenue for Q1 was $34 million, roughly flat year-over-year.
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