Google Backs Bitcoin Miner TeraWulf in $3.7B AI Hosting Deal – Transformative Growth Ahead
TeraWulf (WULF) stock surged after the bitcoin mining and high-performance computing (HPC) firm announced a 10-year AI hosting partnership with Fluidstack, backed by Google. This move positions TeraWulf at the forefront of the rapidly expanding AI and crypto infrastructure sector.
Deal Highlights
TeraWulf signed two 10-year HPC co-location agreements with Fluidstack, covering over 200 MW of critical IT load at its Lake Mariner campus in Western New York.
The agreements represent $3.7 billion in contracted revenue, with potential extensions bringing total revenue to $8.7 billion.
Google will backstop $1.8 billion of Fluidstack's lease obligations, receiving approximately 41 million shares, equal to an 8% stake in TeraWulf.
Strategic Significance
TeraWulf plans to deliver 40 MW of IT load by H1 2026, completing the remainder by the end of the year.
Analysts at Clear Street describe these agreements as transformative, boosting TeraWulf’s visibility as a leading provider of hyperscale AI and HPC infrastructure.
The deals provide long-term revenue clarity and growth visibility, a critical factor for investors eyeing the intersection of AI and crypto.
Market Impact
TeraWulf shares jumped over 59%, reaching levels unseen since December.
The stock has rebounded 322% from its April lows and is up nearly 54% year-to-date, reflecting strong market confidence in the company’s AI/crypto strategy.
Google’s stake signals institutional validation, adding credibility and long-term strategic alignment.
Investor Takeaway:
TeraWulf is emerging as a key player at the convergence of AI and blockchain infrastructure. With massive contracted revenue, backing from Google, and a first-mover advantage in industrial-scale HPC hosting for crypto, the company presents high-growth potential for investors focused on next-generation technologies.
