The Block reported that Bitcoin miner TeraWulf's first-quarter High-Performance Computing (HPC) revenue reached $21 million, surpassing its Bitcoin mining revenue ($13 million) for the first time. TeraWulf's total revenue for the first quarter of this year was $34 million, similar to the $34.4 million recorded in the same period last year. TeraWulf CEO Paul Prager explained in an earnings conference call, "This performance marks the first time HPC leasing has been significantly reflected on our financial statements."
