[Bitcoin Mining Firm TeraWulf's Revenue to Grow 20% in 2025, Accelerating Transition to AI and HPC Infrastructure] BlockBeats News, February 27: Nasdaq-listed Bitcoin mining firm TeraWulf released its financial report on Thursday, projecting full-year revenue of $168.5 million in 2025, a year-on-year increase of 20.3%. This includes $16.9 million from its newly launched HPC leasing business. Despite revenue growth, the company’s net loss for the year widened to $661.4 million, with an adjusted EBITDA loss of $23.1 million. TeraWulf has defined 2025 as a "turning point year." The company has already signed long-term data center leases covering 522 MW of critical IT load, with contracted customer revenue exceeding $12.8 billion and $6.5 billion in financing to support its HPC platform development. In the fourth quarter, due to a decline in Bitcoin production and prices, digital asset revenue fell quarter-over-quarter to $26.1 million, while HPC leasing revenue increased to $9.7 million. The company’s strategy is rapidly shifting toward AI and cloud computing clients, with core operations centered at the Lake Mariner campus in New York and the Abernathy HPC campus in Texas. Earlier this month, TeraWulf also acquired brownfield infrastructure in Kentucky and Maryland, adding approximately 1.5 GW of capacity.