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Google-backed TeraWulf beat Q3 estimates and reported a $710M profit driven by warrant gains, while its operating loss surged 257% and operations lost $88M.
The headline profit comes from warrant accounting rather than operations, so the core business is still loss-making while it scales AI and HPC hosting capacity.
Trade pressSlicast · November 6, 2026 at 21:35 UTC · US · Source: TheStreet
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