The Block reported that Bitcoin mining company TeraWulf's first-quarter High-Performance Computing (HPC) revenue reached $21 million, for the first time surpassing its Bitcoin mining revenue ($13 million). TeraWulf's total revenue for the first quarter of this year was $34 million, similar to the $34.4 million recorded in the same period last year. TeraWulf CEO Paul Prager explained during the earnings conference call, "These results mark the first time that HPC leasing has been meaningfully reflected in our financial statements."
