TeraWulf 2Q revenue hits $44.8M, with data center business driving most of it

TeraWulf posted $44.8 million in second-quarter revenue, with 71% coming from high-performance computing leasing contracts as the company expanded its data center business, The Block reported. Alongside TeraWulf, other legacy crypto mining firms including MARA Holdings, IREN, CleanSpark and Cipher Digital are also increasingly shifting toward data center operations.