BlockBeats news, on August 14, Bitcoin mining company TeraWulf (NASDAQ: WULF) signed two 10-year HPC hosting agreements with AI cloud platform Fluidstack, which will provide over 200 MW of critical IT load at the Lake Mariner data center in New York. The expected revenue for the first 10 years of the contract is approximately $3.7 billion, and if the extension is exercised, it could reach $8.7 billion.
Google will guarantee Fluidstack's $1.8 billion lease obligation to support project-related debt financing and will receive approximately 41 million stock warrants, representing about 8% of the company's equity.