TeraWolf ($WULF) HPC leasing revenue increased 774.4% year-over-year

TeraWulf ($WULF) reported third-quarter revenue of $76.23 million, up 50.7% year over year, as HPC leasing revenue surged 774.4% to $62.986 million and accounted for 82.6% of total revenue, while digital asset revenue fell 69.5%. The HPC figure compares with $7.203 million a year earlier, underscoring how quickly the bitcoin miner's business is shifting toward AI and high-performance computing hosting. The results matter because they show TeraWulf's transition from a crypto-mining revenue base to contracted HPC infrastructure leasing, a pivot investors are watching across listed miners. Next, watch disclosure on contract terms, customer concentration and capacity buildout, plus whether digital asset revenue keeps shrinking as a share of the mix.