TeraWulf Shares Down After Decline in Bitcoin Production Dents 4Q Revenue

Dow Jones
Feb 28

By Amira McKee

 

Shares of TeraWulf slid after the company posted weaker revenue on lower bitcoin mining production and prices.

The stock fell 12% to $15.79 in Friday afternoon trading. The shares, which hit a three-year high of $18.51 on Wednesday, have more than quadrupled in the past year.

After the close on Thursday, the bitcoin mining company reported fourth-quarter digital asset revenue of $26.1 million, down 40% from $43.4 million in the third quarter, on lower bitcoin production and price. The drop was partially offset by 35% growth in high-performance computing lease revenue to $9.7 million from $7.2 million.

Both missed Wall Street's forecast for digital asset revenue of $32.3 million and high-performance computing lease revenue of $11.4 million, according to FactSet.

Terawulf logged a full-year net loss of $661.4 million, or $1.66 a share, compared with a loss of $72.4 million, or 21 cents a share, a year earlier.

Full-year revenue grew 20% to $168.5 million, below the $177.7 million that analysts polled by FactSet were expecting.

 

Write to Amira McKee at amira.mckee@wsj.com

 

(END) Dow Jones Newswires

February 27, 2026 15:35 ET (20:35 GMT)

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