According to CoinMeta, TeraWulf announced its financial results for the second quarter of 2026, with quarterly revenue reaching $44.767 million, of which HPC rental income was $31.932 million. TeraWulf has already launched 102 megawatts of generating capacity in Lake Mariner in New York and is building an additional 336 megawatts. The cost per megawatt of this capacity is between $8 million and $10 million. In addition, TeraWulf acquired Kentucky Muskie Data Campus to obtain up to 1 gigawatt of power services and signed a 20-year data center lease for 401 megawatts with Justified and Anthropic, with an initial contract value of approximately $19 billion.