According to deep潮 TechFlow news on August 14, Bitcoin mining company TeraWulf announced the signing of two 10-year high-performance computing hosting agreements with AI cloud platform Fluidstack, as reported by GlobeNewswire.
According to the agreement, TeraWulf will provide Fluidstack with over 200 MW of critical IT load at its Lake Mariner data center in Western New York. The initial 10-year contract revenue is approximately $3.7 billion, and if two 5-year extension options are exercised, the total contract revenue could reach $8.7 billion.
It is reported that Google will provide Fluidstack with $1.8 billion in lease obligation guarantees to support project-related debt financing and will receive warrants for approximately 41 million shares of TeraWulf common stock, equivalent to about 8% equity.