[TeraWulf Q1 High-Performance Computing Revenue Surpasses Bitcoin Mining for the First Time] According to a report by Jinse Finance, on May 9, TeraWulf's high-performance computing (HPC) business revenue surpassed its Bitcoin mining revenue for the first time last quarter. This shift reflects the growing trend of companies originally focused on Bitcoin mining transitioning to AI and hyperscale cloud infrastructure sectors. The company reported total revenue of $34 million for the first quarter of 2026, which is roughly flat compared to $34.4 million in the same period last year. Among this, HPC leasing revenue reached $21 million, exceeding the digital asset (Bitcoin mining) revenue of less than $13 million. With the gradual increase in long-term computing power leasing contracts, the company's HPC business is rapidly expanding.