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TeraWulf shifts to AI, sealing a massive $3.7B deal with Fluidstack, backed partially by Google.
TeraWulf, a company shifting from bitcoin mining to AI infrastructure, signed a $3.7 billion deal with Fluidstack for AI hosting services, with potential extensions raising the total to $8.7 billion.
Google will back $1.8 billion of Fluidstack's lease obligations and take an 8% equity stake in TeraWulf.
The project includes a 200+ MW data center in Western New York, with 40 MW expected online by mid-2026.
The deals led to a significant boost in TeraWulf's stock.
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TeraWulf cambia a AI, sellando un acuerdo masivo de $3.7B con Fluidstack, respaldado en parte por Google.