Terawulf and IREN Bet Big on AI as Bitcoin Mining Revenue Shrinks
Despite top-line growth, Terawulf’s operating loss widened to $88.2 million in Q3 while IREN saw bitcoin mining revenue fall 88% year-over-year. Operating Losses Widen Amid Rising Costs For the third quarter of 2026, U.S...
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TeraWulf posts $76.2 million Q3 revenue as AI leases outgrow Bitcoin mining
TeraWulf's shift towards AI leases over Bitcoin mining highlights a strategic pivot, potentiall...
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