Bitcoin mining company TeraWulf announced its third-quarter financial results, revealing a revenue of $50.6 million, marking an 87% increase year-over-year. The company's digital asset income reached $43.4 million. Although TeraWulf mined only 377 bitcoins this quarter, down from 555 in the same period last year, the rise in bitcoin prices offset the decline in production. The company attributed its revenue growth to expanded computing power and the launch of its AI high-performance computing leasing business.