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wu

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."

TeraWulf's $900 million share issuance settles today, CleanSpark mined 658 BTC in March, increasing its holdings to 13,561 BTC

According to BBX data, yesterday the capital operations and hash rate data of mining companies were concentrated, with the following core dynamics:TeraWulf Inc. (NASDAQ: $WULF) announced on April 14 via GlobeNewswire that it has completed the pricing of a $900 million public common stock offering, raised from the initially planned $800 million, issuing 47,400,000 shares at a price of $19.00 per share, with underwriters holding an additional 30-day over-allotment option (up to 7,110,000 shares); this offering is expected to close today (April 16). The funds raised will primarily be used for the construction of the Hawesville AI data center campus in Kentucky and to repay bridge credit facilities.CleanSpark, Inc. (NASDAQ: $CLSK) released its March operational report on April 7 (data as of March 31), reporting the mining of 658 BTC in March, with an average daily output of approximately 21.24 BTC, a peak hash rate of 50.0 EH/s, and an average monthly hash rate of about 47.3 EH/s (an increase of 11% month-over-month); as of the end of March, the company's total BTC holdings were 13,561 BTC, with a cumulative output of 1,799 BTC since the beginning of 2026; the average selling price of BTC in March was approximately $71,396. The company has signed contracts for 1.8 gigawatts of power capacity, and CEO Matt Schultz stated that the company is actively advancing the signing of its first AI/HPC large-scale customer contract.

Wujie Ark completes Pre-A round financing and launches "hardware version of OpenClaw" AI operating system

The AI hardware operating system company, Boundless Ark, has recently completed two rounds of Pre-A financing, with investors including the globally renowned wearable device brand Shokz, Guoruiyuan Fund, Hengsong Capital, and Shanghai Angel Club, with ECA Capital serving as the exclusive financial advisor.In the past year, the company has completed a total of 4 rounds of financing, raising hundreds of millions. Boundless Ark's core product is the AI operating system EVA OS, positioned as the "hardware version of OpenClaw" — essentially a set of Agent frameworks running on the hardware side, supporting various terminal devices such as robots, headphones, and glasses. Developers only need to describe their requirements in natural language, and EVA OS can autonomously complete program writing, driver debugging, and application deployment, averaging about half an hour, significantly improving efficiency compared to traditional solutions (3 people, 2-3 months).EVA OS adopts a cloud and local collaborative architecture, with voice latency below 250ms and multimodal feedback below 350ms, outperforming the industry standard of about 600ms; the self-developed end-to-end model reduces voice costs to one-twentieth of the industry standard, and perception model costs can be reduced by 70%-92%. Currently, since the release of EVA OS 1 three months ago, over 2,500 enterprises and R&D units have connected, covering multiple categories such as AI headphones, AI glasses, desktop robots, and robotic arms.
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