Bitcoin miner TeraWulf reported revenue of $50.60 million on Monday, up 87 percent from the same period last year.
Easton, Maryland-based TeraWulf said revenue growth was driven by higher bitcoin prices, expanded mining capacity, and high-performance computing.
The leasing business began to generate revenue.
Shares in TeraWulf, listed on the Nasdaq exchange under the ticker symbol WULF, fell 2.5 percent in after-hours trading on Monday. WULF closed the day at $14.30 in regular trading, up 3.8 percent. The company's shares have risen 7.6 percent over the past month.
Bitcoin miner TeraWulf's revenue rose 87%, but shares still fell after hours
2025-11-11 02:29:06
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