Catenaa, Sunday, November 16, 2025- Bitcoin miner TeraWulf reported an 87% increase in third-quarter revenue to $50.6 million, driven by higher Bitcoin prices and expanded AI infrastructure leasing.
The US-based firm mined 377 Bitcoin, down from 555 a year earlier, but offset lower output with an average BTC price of $114,390, nearly double last year’s $61,023.
Digital asset revenue accounted for $43.4 million of total income, while additional earnings came from high-performance computing leases.
TeraWulf is broadening operations into AI and data hosting, securing multi-billion-dollar agreements with Fluidstack and Google. New developments are underway at its Lake Mariner facility in New York and the Abernathy joint venture in the Southwest Power Pool.
The company recently launched a $3.2 billion senior secured notes offering and signed three 10-year lease deals valued at $6.7 billion for AI infrastructure hosting. Shares of TeraWulf (WULF) rose as much as 6% Monday to $14.85 before closing at $14.30.
Despite strong performance, Bitcoin mining profitability remains near multi-month lows due to rising power costs, lower block rewards following the April halving, and declining hash prices around $42 per PH/s. The pressure has slowed hardware sales and forced miners to explore alternative revenue streams.
Major U.S. miners are increasingly shifting toward AI and high-performance computing, with Cipher Mining and IREN securing multi-billion-dollar AI deals. As Bitcoin’s total network hashrate surpasses 1 zetahash per second, the sector is evolving from traditional crypto mining toward broader data and AI infrastructure support.
TeraWulf’s Q3 revenue soared 87% to $50.6 million, aided by higher Bitcoin prices and AI infrastructure leasing deals.
