TeraWulf beat revenue estimates and gained Google's backing for its planned $19 billion lease, but posted a $12.8 million adjusted EBITDA loss versus an expected $14.6 million profit. Both analysts kept Buy ratings but cut their targets, leaving the report mixed.
Stronger sales are balanced by a sharp miss in the company's adjusted profit measure. Google's backing helps the planned lease, but project funding still has to be arranged. The company expects deliveries to stay on schedule and aims to reach $700 million in yearly lease revenue by Q1 2027. That remains a future goal.
Google is backing the Anthropic lease, and the article says it can recover that cost from the tenant. It reports no new sales or profit for Google, so the story does not clearly change its outlook.
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