TeraWulf Transitions to AI Hosting, Surpassing Bitcoin Mining
- Revenue Shift: In Q1 2026, TeraWulf's high-performance computing (HPC) hosting services generated $21 million, surpassing $13 million from Bitcoin mining for the first time, resulting in total quarterly revenue of $34 million, indicating a strategic pivot towards AI infrastructure solutions.
- Sustainable Business Model: Contract agreements with AI companies provide more stable revenue streams, despite a staggering net loss of $427.6 million for the quarter—almost a seven-fold increase from the previous year—this transition has bolstered investor confidence, reflected in TeraWulf's stock price more than doubling since January.
- Operational Capacity Expansion: TeraWulf supports AI entities like Core42 with 60 megawatts of HPC capacity at its Lake Mariner site and plans further expansion in Kentucky and Maryland, with potential power capacity scaling up to 1 gigawatt in Maryland, demonstrating responsiveness to market demand.
- Optimistic Market Outlook: The company currently holds long-term AI and HPC contracts totaling 522 megawatts, with a portfolio value exceeding $12.8 billion, and projected increases of 250 to 500 megawatts in new contracts, indicating rapid growth in the AI hosting market that will influence global electricity demand forecasts.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0149 | 0.0181 | 0.0207 | 0.0239 | 0.0265 | 0.0297 | 0.0323 |
| Fibonacci | 0.0181 | 0.0203 | 0.0217 | 0.0239 | 0.0261 | 0.0275 | 0.0297 |
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