TeraWulf Q1 2026 revenue $34M, HPC lease revenue $21M; 60 MW HPC capacity operational

TERAWULF INC.

2026-Q1 EPS reported -$1.01 revenue$34,012,000

Q1 2026 revenue of $34.0M including $21.0M from HPC leases; cash & restricted cash ~$3.1B.
60 MW critical IT capacity energized for Core42 at Lake Mariner; CB-3 nearing completion.
Acquired Hawesville, KY site with 480 MW grid-connected power; Abernathy JV delivery targeted Q4 2026.
Closed $250M revolving credit facility to fund development pipeline.
Lake Hawkeye (150 MW Phase I) and Chesapeake Data (210 MW, up to 1 GW) in development.

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