TeraWulf shifts from crypto mining to high-performance computing, shares surge 600% in a year

TeraWulf has transitioned from cryptocurrency mining to high-performance computing (HPC), resulting in a 600%+ increase in its share price over the past year. The company's recent acquisition of a Kentucky hyperscale data center will add over 1 gigawatt of capacity, accelerating revenue growth and strengthening its market position. In Q1 2026, TeraWulf's HPC segment generated more revenue than its legacy crypto mining business, signaling a successful pivot. While growth and potential profitability are expected within 1-2 years, the rapid expansion carries some risks.