Overview
- TeraWulf posted a Q4 2025 loss of $1.66 per share on revenue of $35.8 million, missing estimates that called for a $0.16 loss on $44.1 million in sales.
- Quarterly revenue included $26.1 million from digital asset mining and $9.7 million from high-performance computing leases as AI hosting gained traction.
- The company said it has 522 MW of contracted IT leases representing about $12.8 billion in revenue and more than $6.5 billion in completed long-term financing.
- Planned site additions in Kentucky and Maryland are expected to add roughly 1.5 GW and lift owned platform capacity to about 2.8–2.9 GW, with development staged and subject to approvals.
- Shares slipped modestly after the report as analysts highlighted execution risk even as some maintained bullish views on the AI transition and noted year-end cash and restricted cash of about $3.7 billion.