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TeraWulf announced its Q2 2026 results, with a single quarter revenue of $44.767 million, including HPC leasing revenue of $31.932 million. TeraWulf has already launched 102 megawatts of revenue generating IT capacity in Lake Mariner, New York, and is building 336 megawatts at a unit IT capacity cost of $8 to $10 million per megawatt. TeraWulf acquired the Muskie Data Campus in Kentucky to obtain up to 1 gigawatt of power services and signed a lease agreement with Anthropic for a data center of approximately 401 megawatts over a 20-year period at the Justified campus, with an initial contract amount of approximately $19 billion.