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BTC $81,682.45 +1.23%
ETH $2,352.52 +1.13%
BNB $661.78 +1.89%
XRP $1.47 +3.17%
SOL $96.01 +3.06%
TRX $0.3498 -0.13%
DOGE $0.1115 +2.69%
ADA $0.2802 +3.34%
BCH $463.22 +2.95%
LINK $10.65 +2.77%
HYPE $42.91 +0.22%
AAVE $101.65 +6.27%
SUI $1.32 +22.04%
XLM $0.1681 +3.69%
ZEC $589.66 -1.25%

hp

TeraWulf's Q1 HPC revenue surpasses Bitcoin mining for the first time, as the trend of transitioning computing power to AI infrastructure accelerates

Bitcoin mining company TeraWulf announced its Q1 financial report, showing that its high-performance computing (HPC) business has for the first time surpassed Bitcoin mining revenue, marking a critical stage in the company's transformation towards AI and cloud computing infrastructure.The company's total revenue for Q1 was $34 million, roughly flat compared to the same period last year. Among this, HPC leasing revenue reached $21 million, surpassing the less than $13 million from digital asset mining for the first time, becoming the main source of income. The financial report also indicated that the company's net loss widened to $427.6 million, mainly due to the impact of non-cash warrant revaluation. However, CFO Patrick Fleury emphasized that the company is transitioning from "volatile mining revenue" to "stable long-term computing power contract revenue." Currently, TeraWulf has 60 MW of HPC capacity generating revenue at its Lake Mariner data center in New York and plans to continue expanding within the year. At the same time, the company is transforming part of its mining infrastructure into AI/HPC computing resources to support massive computing power demands. This trend is spreading throughout the industry, with Bitcoin mining companies like Riot Platforms also expanding their revenue structure through data centers and AI contracts, gradually transforming into "computing power infrastructure companies."

Gate 3 March CandyDrop, Launchpool, and HODLer Airdrop data released, with the peak annualized return of the Launchpool project at 751.33%

According to official data, Gate's three major airdrop sectors performed steadily in March. Among them, Gate CandyDrop launched a total of 6 projects in March, with the trading volume of CandyDrop event contracts exceeding $15 billion and the number of participants surpassing 210,000. Gate Launchpool launched a total of 2 projects in March, with the IDOS project achieving a maximum annualized return of 751.33%. During the same period, the peak annualized return of Gate HODLer Airdrop reached 12.26%, with a staking amount of approximately $196 million.It is reported that since its launch a year ago, Gate CandyDrop has held a total of 152 events, adopting an innovative "task-driven" model. Users can earn "candies" by completing various tasks such as trading, recharging, and inviting friends, which can be exchanged for high-quality token airdrops. Gate Launchpool, as an innovative staking airdrop platform, supports staking of various tokens such as GT, BTC, ETH, USDT, and GUSD, distributing new coin airdrop rewards every hour, allowing for low-threshold participation with high annualized returns, helping users capture market opportunities. In addition, after users stake and choose to redeem, transferring assets to the 7-day fixed product of Yubi Treasure can add up to 116.667% additional airdrop rewards on top of the original staking returns. Gate HODLer Airdrop aims to discover high-quality potential projects, reducing investment risks through the airdrop mechanism, allowing users to easily participate in receiving free airdrops by holding just 1 GT.
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