• Terawulf posted Q1 2026 revenue of $34 million, nearly flat versus $34.41 million a year earlier, as $21.02 million of HPC lease revenue offset a drop in digital asset revenue to $12.99 million from $34.41 million.
• Net loss widened to $427.7 million from $61.42 million, with loss per share deepening to $1.01 from $0.16.
• Cash, cash equivalents and restricted cash totaled about $3.09 billion at quarter-end, while net cash used in investing activities rose to $712.82 million from $61.06 million.
• Operational critical IT HPC capacity for Core42 reached 60 MW at Lake Mariner, with CB-3 delivery slated for May 2026; CB-4 and CB-5 remain on schedule for delivery and rent commencement in 2026.
• Expansion plans broadened with acquisition of Hawesville, Kentucky site with immediate access to 480 MW of grid-connected power, while a revolving credit facility providing up to $250 million of committed capacity was closed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terawulf Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605080700PRIMZONEFULLFEED9716244) on May 08, 2026, and is solely responsible for the information contained therein.