[Bitcoin Mining Firm TeraWulf Sees 20% Revenue Growth in 2025, Net Loss Expands to $661 Million, Accelerates Transition to AI and HPC Business] Odaily Planet Daily News – Nasdaq-listed Bitcoin mining firm TeraWulf released its 2025 financial report, showing annual revenue of $168.5 million, a year-on-year increase of 20.3%, with $16.9 million coming from its newly launched high-performance computing (HPC) leasing business. However, the company’s net loss for the year expanded to $661.4 million, compared to $72.4 million in 2024. Non-GAAP adjusted EBITDA loss was $23.1 million. In the fourth quarter, due to a decline in Bitcoin production and prices, revenue from digital asset operations dropped from $43.4 million in the third quarter to $26.1 million, while HPC leasing revenue increased from $7.2 million to $9.7 million during the same period. The company stated that 2025 is a critical juncture for its strategic transformation. It has already signed contracts for 522 megawatts of HPC capacity, with total contracted customer revenue exceeding $12.8 billion, and secured $6.5 billion in financing to support data center expansion. TeraWulf noted that it will continue to advance its AI and computing infrastructure initiatives to achieve more stable long-term cash flow. (The Block)