TeraWulf Inc. reported Q1 revenue of $34 million, with high-performance computing (HPC) leasing contributing 62% of the total. The company recorded a net loss of $4.276 billion, largely due to non-cash items, and maintained an adjusted EPS of -$0.09. TeraWulf has secured additional grid capacity and a $25 billion credit facility.
American Bitcoin Corp. achieved a record quarterly production of 817 BTC, with a mining cost of $36,200 per BTC, marking a 23% decrease. The company increased its BTC holdings by 30% to over 7,300 BTC by March 31, while maintaining operational profitability.
Exodus Movement reported preliminary Q1 revenue of $22.7 million, a decline from the previous year due to reduced trading volumes. The company launched Exodus Pay nationwide and holds significant digital assets, including 628 BTC and 1,861 ETH, with total liquidity of $122.6 million.
TeraWulf, American Bitcoin, and Exodus Report Q1 Financials
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