TeraWulf doubles AI revenue but posts $427M quarterly loss as mining income declines

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TeraWulf shares decline. Source: Yahoo! Finance Related: Bitcoin Miner Bitdeer Liquidates Entire BTC Treasury, Holdings Fall to Zero As Cointelegraph reported, Riot Platforms posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million, helping offset a decline in Bitcoin mining revenue, which fell to $111.9 million from $142.9 million a year earlier. Bitcoin miners are pivoting to AI infrastructure as shrinking margins push the industry toward more predictable revenue, with Core Scientific, MARA Holdings, Hive, Hut 8 and Iren converting mining facilities into data centers or acquiring AI compute assets. Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt More on the subject

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