Quarterly UpdatesApr 14, 2026, 04:23 PM
TeraWulf Q1 2026 Revenue $30-35M; Secures $250M Credit Facility
AI Summary
TeraWulf Inc. announced preliminary financial results for Q1 2026, expecting revenue between $30 million and $35 million and adjusted EBITDA between $0 million and $3 million. The company also secured allocations for a revolving credit facility of up to $250 million, enhancing liquidity for its Kentucky data center development and near-term capital requirements. Management highlighted the effective transition to long-term, credit-enhanced revenues, with over 50% of Q1 2026 revenue from HPC hosting.
Key Highlights
- Q1 2026 revenue expected between $30 million and $35 million.
- Q1 2026 adjusted EBITDA expected between $0 million and $3 million.
- Secured allocations for a revolving credit facility of up to $250 million.
- Cash, cash equivalents, and restricted cash totaled $3.1 billion as of March 31, 2026.
- Total debt was $5.8 billion as of March 31, 2026.