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Terawulf and IREN Bet Big on AI as Bitcoin Mining Revenue Shrinks

Source: Bitcoin News · Nov 06, 2026 22:45 UTC

The Quick Take

Despite top-line growth, Terawulf’s operating loss widened to $88.2 million in Q3 while IREN saw bitcoin mining revenue fall 88% year-over-year. Operating Losses Widen Amid Rising Costs For the third quarter of 2026, U.S. digital infrastructure provider Terawulf generated $76.2 million in total revenue, a significant year-over-year (YoY) increase driven primarily by its high-performance computing

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