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8 May 2026, 21:34
TeraWulf’s AI hosting revenue hits $21 million, tops BTC mining
🚨 TeraWulf made $21 million from AI hosting, surpassing $BTC mining for the first time. AI contracts now drive stable revenue as mining declines sharply. 📊 Critical data: TeraWulf’s net loss rose to $427.6 million amid major infrastructure investment. Continue Reading: TeraWulf’s AI hosting revenue hits $21 million, tops BTC mining The post TeraWulf’s AI hosting revenue hits $21 million, tops BTC mining appeared first on COINTURK NEWS .
8 May 2026, 20:30
TeraWulf’s $21 million HPC revenue surpasses bitcoin mining for first time in Q1
TeraWulf’s transition from bitcoin miner to AI infrastructure operator crossed an important milestone in the first quarter of 2026, as revenue from its high-performance computing (HPC) hosting business surpassed income generated from mining cryptocurrency for the first time. The company reported $21 million in HPC lease revenue during the quarter, compared with roughly $13 million from bitcoin mining, according to its first-quarter earnings release. Total revenue came in at approximately $34 million. For years, companies like TeraWulf built out massive energy-intensive facilities to mine bitcoin. Now, many of those same operators are finding that artificial intelligence companies are willing to pay far more for access to power, cooling systems, and ready-built data center space. “This is the first period where HPC leasing is meaningfully reflected in our financials,” Chief Executive Paul Prager said during the company’s earnings call. The change happening at TeraWulf mirrors a wider shift across the crypto mining industry. As mining profits fluctuate with bitcoin prices and energy costs, operators with access to large power supplies are increasingly repositioning themselves as infrastructure providers for AI firms and cloud computing customers. That pivot comes as the race to secure electricity for AI systems intensifies globally. The International Energy Agency said electricity consumption from data centers worldwide is expected to nearly double to around 945 terawatt-hours by 2030, with AI emerging as the main driver behind the increase. The agency also said data centers could account for nearly half of U.S. electricity demand growth by the end of the decade. From volatile mining revenue to long-term AI contracts Although TeraWulf’s overall revenue was little changed from a year earlier, the business itself is starting to look very different. AI hosting has quickly become TeraWulf’s biggest source of revenue, a departure from the company’s traditional dependence on bitcoin mining. Unlike mining income, hosting contracts tied to AI infrastructure tend to provide steadier and more predictable cash flow. Chief Financial Officer Patrick Fleury described the company as “a business in transition”. He believes that revenue is increasingly tied to “stable, contracted” compute agreements, according to The Block. TeraWulf reported a quarterly net loss of $427.6 million, compared with a loss of $61.4 million during the same period a year ago after investing in data center expansion and AI-related infrastructure. So, the transition proved expensive. Operating expenses rose to nearly $200 million during the quarter, partly due to impairment charges associated with scaling back segments of its bitcoin mining operations. Despite the mounting costs, investor enthusiasm around AI infrastructure companies has remained strong. However, companies with large amounts of power capacity and ready-built facilities are the potential winners in the race to support growing AI demand. Barron’s reported that TeraWulf shares have more than doubled this year as investors. So, it comes as no surprise that the company intends to focus on AI hosting ambitions rather than its legacy mining operations. “As we continue to scale, we expect the business to be increasingly driven by recurring, contracted revenue, reducing exposure to the volatility historically associated with bitcoin mining,” Fleury said in the company’s preliminary quarterly filing. Morgan Stanley analysts Stephen Byrd and James Faucette said they are seeing “increasing willingness among key AI players to pay higher ‘time to power’ premia in the form of increasingly rich economics to Bitcoin companies,” according to Barron’s. Expanding beyond bitcoin mining TeraWulf said it ended the quarter with 60 megawatts of operational HPC capacity at its Lake Mariner facility in New York, where AI cloud company Core42 is among its customers under a long-term lease arrangement. The company is also developing additional facilities at the site while coordinating deployments with customers, including Fluidstack and Google. Outside New York, TeraWulf has expanded aggressively into new power markets. Its Hawesville, Kentucky, project carries roughly 480 MW of grid-connected power capacity, while a Maryland site could eventually scale to as much as 1 gigawatt if regulators approve expansion plans. The company has previously disclosed more than $12.8 billion in long-term AI and HPC contracts tied to 522 MW of critical IT capacity. TeraWulf reiterated plans to add between 250 MW and 500 MW of new contracted capacity annually and said it held approximately $3.1 billion in cash and restricted cash at the end of the quarter. AI demand is reshaping the power market The scramble for AI infrastructure is beginning to alter the economics of electricity markets in the United States and beyond. Building entirely new data centers and securing grid access can take years, especially in regions already facing transmission bottlenecks. Former bitcoin mining sites offer a shortcut because many already have high-capacity power connections in place. The International Energy Agency said electricity generation dedicated to data centers could rise from about 460 TWh in 2024 to more than 1,000 TWh by 2030. Utilities are already revising forecasts upward because of expected AI-related demand growth. American Electric Power said this week it expects 63 gigawatts of incremental electricity load by 2030, driven largely by data centers. For crypto miners that survived the industry’s downturns, AI infrastructure is increasingly being viewed as a more predictable and potentially more profitable business than mining bitcoin alone. 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8 May 2026, 20:29
TeraWulf's AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss
Publicly traded Bitcoin miner and data center operator TeraWulf reported a hefty net loss in Q1 as its AI revenue took over from BTC.
8 May 2026, 19:15
GoMining Launches GoBTC Pay Protocol for Instant Bitcoin Payments on Base Layer
BitcoinWorld GoMining Launches GoBTC Pay Protocol for Instant Bitcoin Payments on Base Layer GoMining, a digital Bitcoin mining firm, has announced the launch of GoBTC Pay, a new protocol designed to facilitate instant Bitcoin payments directly on the cryptocurrency’s base layer. The development, reported by The Daily Hodl, aims to address long-standing usability challenges that have limited Bitcoin’s adoption as a medium of exchange for everyday transactions. What is GoBTC Pay? GoBTC Pay is a payment protocol that enables consumers to process Bitcoin transactions instantly without relying on secondary layers or third-party intermediaries. By operating on Bitcoin’s base layer, the protocol seeks to eliminate the latency and complexity typically associated with on-chain payments, making it more practical for real-world use cases such as retail purchases or peer-to-peer transfers. Implications for Bitcoin Usability Bitcoin’s base layer has historically been criticized for its slower transaction speeds and higher costs during network congestion, which has hindered its use as a daily payment method. GoMining’s approach focuses on optimizing the base layer experience rather than depending on off-chain solutions like the Lightning Network. If successful, this could represent a meaningful step toward making Bitcoin more accessible for consumers and merchants alike. Industry Context The launch comes at a time when the cryptocurrency industry is increasingly prioritizing practical utility over speculative trading. Payment infrastructure remains a key barrier to mainstream adoption, with many users still finding it cumbersome to use Bitcoin for routine expenses. GoMining’s entry into this space signals growing competition among mining firms to expand their offerings beyond traditional block production. Conclusion GoBTC Pay represents a targeted effort to improve Bitcoin’s transactional efficiency at the protocol level. While the solution’s real-world impact will depend on adoption and performance under network stress, it adds a new option for users seeking faster, simpler Bitcoin payments. The development underscores a broader industry shift toward enhancing cryptocurrency’s everyday functionality. FAQs Q1: How does GoBTC Pay differ from the Lightning Network? GoBTC Pay operates directly on Bitcoin’s base layer, while the Lightning Network is a second-layer solution designed for off-chain transactions. GoMining’s protocol aims to improve base layer speed without requiring users to set up payment channels. Q2: Is GoBTC Pay available to all Bitcoin users? As of the announcement, GoBTC Pay is being launched by GoMining for its platform users. Broader availability and integration with third-party wallets or merchants have not yet been detailed. Q3: Will GoBTC Pay reduce Bitcoin transaction fees? The protocol is designed to optimize transaction processing, which could lead to lower fees compared to standard on-chain transactions during periods of high demand. However, fee reductions are not guaranteed and will depend on network conditions. This post GoMining Launches GoBTC Pay Protocol for Instant Bitcoin Payments on Base Layer first appeared on BitcoinWorld .
8 May 2026, 16:54
IREN Stock Forecast: $3.4B Nvidia AI Deal Sends Shares Higher
IREN stock surged more than 7% on Monday , climbing to $61.08 as of writing after the company unveiled a massive artificial intelligence infrastructure partnership with Nvidia that sharply accelerated its shift away from pure Bitcoin mining. Investor enthusiasm intensified after IREN disclosed a five-gigawatt strategic partnership with Nvidia tied to future AI infrastructure deployment across its expanding global data center network. The announcement immediately reshaped market attention around the company’s long-term growth story. Nvidia Partnership Reshapes IREN’s AI Ambitions The biggest catalyst came from IREN’s new five-year, $3.4 billion AI cloud agreement with Nvidia centered on air-cooled Blackwell GPUs. The deployment will begin within existing data center operations at Childress and is expected to ramp up in early 2027. At the same time, Nvidia secured the right to purchase up to 30 million IREN ordinary shares at $70 each over five years. If fully exercised, the arrangement could translate into as much as $2.1 billion in potential investment. That development matters because investors increasingly view access to power, cooling infrastructure, and data center capacity as critical assets in the AI race. IREN now positions itself directly inside that conversation. The company also confirmed that future deployments will focus heavily on Nvidia-aligned DSX AI factory infrastructure, particularly at its two-gigawatt Sweetwater campus in Texas. Bitcoin Mining No Longer Drives The Entire Story For years, IREN operated mainly as a Bitcoin mining company under its former Iris Energy identity. That narrative now appears to be changing quickly. While Bitcoin mining still generates most of the company’s revenue, AI infrastructure growth has become increasingly important. AI Cloud Services revenue climbed to $33.6 million during the latest quarter, even as Bitcoin revenue fell to $111.2 million from the previous quarter. Markets reacted strongly because the AI opportunity potentially offers larger and more stable long-term revenue streams than cryptocurrency mining alone. Co-founder and co-CEO Daniel Roberts framed the opportunity clearly, saying the world remains “structurally short compute.” In simple terms, demand for AI processing power continues to outpace available infrastructure globally. That shortage creates a major opening for companies with land, power access, and scalable data center operations. IREN appears determined to capitalize on that trend. Expansion Plans Grow Aggressively The company’s latest earnings update outlined aggressive infrastructure targets through 2027. IREN now expects secured power capacity to reach five gigawatts while contracted annual recurring revenue rises to $3.1 billion. Management aims to push that figure toward $3.7 billion by the end of 2026. Construction plans also remain substantial. The company targets 480 megawatts and roughly 150,000 GPUs in 2026 before scaling to 1,210 megawatts in 2027. Around 730 megawatts are already under construction. A large portion of that expansion centers on a 300-megawatt liquid-cooled project in Childress, alongside broader Nvidia and Microsoft deployments. Can the company fund such rapid growth? For now, management believes so. IREN reported holding $2.6 billion in cash and expects GPU financing arrangements alongside customer prepayments to support near-term capital spending needs. Strong Revenue Growth Meets Profitability Concerns Despite the strong stock reaction, some financial pressures remain visible. Quarterly revenue totaled $144.8 million, down from $184.7 million in the previous quarter. The company also posted a net loss of $247.8 million, partly driven by $140.4 million in non-cash impairment charges. Still, investors appeared far more focused on future AI growth than near-term earnings pressure. The market’s reaction highlighted a broader shift happening across the sector. Investors increasingly reward crypto miners that successfully transition into AI infrastructure providers. IREN’s latest Nvidia partnership may now place the company among the most closely watched names in that transformation trend.
8 May 2026, 16:25
TeraWulf’s Q1 HPC Revenue Hits $21M, Topping Bitcoin Mining for the First Time
BitcoinWorld TeraWulf’s Q1 HPC Revenue Hits $21M, Topping Bitcoin Mining for the First Time Bitcoin mining firm TeraWulf reported a significant milestone in its first-quarter earnings: revenue from high-performance computing (HPC) leasing reached $21 million, surpassing the $13 million generated from Bitcoin mining for the first time. The company’s total revenue for the quarter stood at $34 million, nearly flat compared to the $34.4 million recorded in the same period last year. HPC Leasing Emerges as Primary Revenue Driver During an earnings call, TeraWulf CEO Paul Prager highlighted that these results mark the first instance where HPC leasing has made a meaningful contribution to the company’s financial statements. The shift reflects a broader trend among crypto mining operators diversifying into artificial intelligence and cloud computing infrastructure, as HPC demand surges while Bitcoin mining margins face pressure from rising energy costs and network difficulty. Strategic Implications for the Crypto Mining Sector TeraWulf’s pivot is not an isolated move. Several major mining firms, including Riot Platforms and Marathon Digital, have begun repurposing or expanding their data center capacity to accommodate HPC workloads. This strategy allows miners to leverage existing power infrastructure and cooling systems, which are increasingly valuable assets in the AI boom. For TeraWulf, the Q1 results validate that HPC leasing can provide more stable, recurring revenue compared to the volatile Bitcoin mining income. What This Means for Investors and the Market The milestone signals a potential revaluation of crypto mining companies by investors, who may begin viewing them as hybrid energy and data center operators rather than pure-play Bitcoin miners. TeraWulf’s ability to generate $21 million from HPC in a single quarter suggests that the revenue stream is scaling rapidly. However, the company’s total revenue remained flat year-over-year, indicating that Bitcoin mining income has declined significantly, offsetting the HPC gains. Conclusion TeraWulf’s Q1 results represent a strategic inflection point for the company and the broader crypto mining industry. While Bitcoin mining remains a core business, the emergence of HPC leasing as a larger revenue source demonstrates the sector’s adaptability and its potential role in the growing AI infrastructure market. Investors and industry observers will watch closely to see if this trend accelerates in subsequent quarters. FAQs Q1: Why is TeraWulf shifting focus to HPC leasing? To diversify revenue streams and capitalize on growing demand for AI and cloud computing infrastructure, which offers more stable income compared to volatile Bitcoin mining. Q2: How does HPC leasing compare to Bitcoin mining in terms of profitability? HPC leasing typically provides lower but more predictable margins, while Bitcoin mining can be highly profitable during bull markets but suffers during downturns. TeraWulf’s Q1 data shows HPC revenue outpacing mining revenue for the first time. Q3: Are other Bitcoin miners following a similar strategy? Yes, several major miners like Riot Platforms and Marathon Digital are exploring or expanding HPC and AI hosting services, leveraging their existing energy and cooling infrastructure. This post TeraWulf’s Q1 HPC Revenue Hits $21M, Topping Bitcoin Mining for the First Time first appeared on BitcoinWorld .
