TeraWulf’s Bitcoin mining revenue declines sharply as HPC leasing revenue rises amid Anthropic infrastructure buildout

According to The Block, TeraWulf’s bitcoin mining revenue fell 69% in the recent quarter. The company simultaneously reported $63 million in artificial intelligence-related quarterly HPC lease revenue, up 774% year over year. The increase in HPC leasing coincides with ongoing Anthropic buildout activities. The revenue figures refer to the most recent quarter reported by TeraWulf. No details are provided about the specific period length, mining operations scale, or Anthropic project timeline. The facts indicate a clear divergence between bitcoin mining performance and growth in AI-focused HPC leasing. The HPC lease revenue increase is described as year-over-year; no comparison to prior quarters or absolute growth figures is given. The decline in bitcoin mining revenue is stated as 69%, without further explanation or context. The relationship between the two trends is noted only through reference to “amid Anthropic buildout,” implying timing or contextual overlap. No additional financial metrics, operational changes, or market factors are mentioned in the source.