Big moves in the AI + crypto-powered data space! TeraWulf (WULF) just locked in a massive $3.7B high-performance computing deal with AI cloud platform Fluidstack — and it could hit $8.7B if extended.
Here’s the kicker: Google’s jumping in with an 8% equity stake, backing $1.8B in lease obligations and helping fund the project. The plan? Build over 200 MW of AI-ready, liquid-cooled capacity at TeraWulf’s Lake Mariner site in New York. Phase one (40 MW) goes live in early 2026, with full rollout by year-end.
CEO Paul Prager calls it a “defining moment” — and investors seem to agree, sending WULF shares up 22% pre-market to $6.68. With projected net income margins near 85%, this could be a serious game-changer in hyperscale AI hosting.
💬 Hot take: Is TeraWulf the next AI infrastructure giant? Drop your thoughts below! 👇
