Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Tuesday Nov 11 2025 04:50
2 min
United States-based Bitcoin mining company TeraWulf experienced a significant leap in its third-quarter revenue, nearly doubling it due to a substantial surge in the price of Bitcoin compared to the previous year, alongside expanded mining capacity and the emergence of new income streams from its AI business. According to TeraWulf's Q3 earnings report released on Monday, revenue increased by 87% year-over-year to reach $50.6 million, with "digital asset revenue" contributing $43.4 million. In Q1, the company reported a net loss, and in Q2, the miner's revenue increased by 34% year-over-year to $47.6 million. "These increases were primarily due to the increase in average Bitcoin prices during the periods, partially offset by a decrease in total Bitcoin mined during the periods," the miner explained. TeraWulf mined 377 Bitcoin in the three months ending Sept. 30, compared to 555 in the same timeframe last year. However, it compensated for this with the average price of Bitcoin reaching $114,390, a significant jump from just $61,023 in Q3 2024. The company also attributed the revenue surge to the expansion of its mining capacity and the initiation of high-performance computing lease revenue. ### Miners Shifting Focus Away from Bitcoin While Bitcoin miners have been reallocating some of their capacity towards AI and high-power computing hosting services following the April 2024 halving, the results indicate that Bitcoin continues to exert a substantial influence on miner revenues. TeraWulf CEO Paul Prager stated that the "third quarter into the fourth has been remarkably busy for TeraWulf" as the company shifts its focus away from solely Bitcoin mining, and is "squarely focused on execution while advancing the next phase of growth for 2027 and beyond." He further added, "We expanded our partnership with Fluidstack and Google at Lake Mariner and extended that relationship into the Southwest Power Pool with the Abernathy joint venture." TeraWulf announced a $3.2 billion senior secured notes offering in October to finance a portion of its data center expansion at its Lake Mariner campus in Barker, New York. The miner also signed three ten-year lease agreements with AI infrastructure provider Fluidstack, valued at $6.7 billion. ### Stock Price Sees an Uptick During Monday's trading session, TeraWulf's stock (WULF) initially climbed to $14.85, representing a 6% increase compared to the previous close of $13.94. However, by the session's end, the miner's share price settled at $14.30, showing a gain of 0.49% after the bell.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Thursday, 13 August 2026
5 min
Wednesday, 12 August 2026
7 min
Wednesday, 12 August 2026
7 min
Thursday, 13 August 2026
Indices
Gold Price Today, August 14: XAU/USD Falls Below $4,350 as Profit-Taking Deepens
Thursday, 13 August 2026
Indices
SanDisk Stock Jumps Nearly 14% on Bullish 2030 Targets, Lam Research Gains Over 3%
Thursday, 13 August 2026
Indices
KOSPI Rises 2.7% Towards 7,000 as SK Hynix Gains 6% and Kioxia Jumps 7%
Wednesday, 12 August 2026
Indices
Gold Price Today, August 13: Gold Climbs Above $4,400 as Cooler US CPI Cuts Fed Hike Bets
EN
