As per Coinotag, TeraWulf reported Q3 2024 revenue of $50.6 million, an 87% year-over-year increase, driven by $43.38 million from bitcoin mining and $7.2 million from AI and high-performance computing (HPC) services. The company ended the quarter with $712.8 million in cash and secured over $5 billion in long-term financing for expansion. TeraWulf is scaling HPC infrastructure through strategic leases and joint ventures, including $6.7 billion in 10-year Fluidstack agreements backed by Google.
TeraWulf Q3 2024 Revenue Surges 87% to $50.6M from Bitcoin Mining and AI/HPC Expansion
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