TeraWulf Inc. Reports Strong Q2 2025 Results

Terawulf Inc. ( (WULF) ) has released its Q2 earnings. Here is a breakdown of the information Terawulf Inc. presented to its investors.

TeraWulf Inc. is a company that develops, owns, and operates environmentally sustainable, industrial-scale data center infrastructure in the United States, focusing on high-performance computing hosting and bitcoin mining.

In its second quarter of 2025, TeraWulf reported a significant increase in revenue, reaching $47.6 million, up from $35.6 million in the same period last year. The company is on track to deliver 72.5 MW of high-performance computing infrastructure to Core42 within the year and aims to expand its operational capacity to 200-250 MW by the end of 2026.

Key financial metrics from the quarter highlight a 45.5% increase in bitcoin mining capacity to 12.8 EH/s, although the number of self-mined bitcoins decreased to 485 from 699 due to the April 2024 halving and strategic divestitures. Despite these challenges, the total value of self-mined bitcoin rose slightly to $47.6 million. However, the power cost per bitcoin increased significantly, reflecting network difficulties and power price volatility.

Looking ahead, TeraWulf’s management remains optimistic, focusing on expanding its platform to meet the growing demand for zero-carbon compute infrastructure. The company plans to recognize revenue from its HPC hosting in the third quarter of 2025, marking a pivotal moment in its financial trajectory. With ongoing financing strategies and a disciplined approach to capital allocation, TeraWulf aims to scale responsibly and deliver long-term value for shareholders.