TeraWulf transitions to AI
Previously, TeraWulf primarily focused on Bitcoin mining, but in 2025, the profitability of this sector significantly declined. The increase in mining difficulty prompted the company to consider a transition to AI, and recently it signed a major deal.
TeraWulf is leasing part of its infrastructure to Fluidstack, a cloud platform for AI, where Google plays a key role:
According to the terms of the agreement, TeraWulf will provide 200 MW of computing power to the AI company for ten years. This will help Fluidstack develop its AI capabilities, and the deal will bring in about $3.7 billion in contract revenue.
The agreement also includes terms for expanding the partnership to $8.7 billion.
Google and the computing market
The physical infrastructure for AI is a rapidly growing market in the U.S., and TeraWulf has become one of the first leaders in the transition of mining companies to a new business. Google will provide a guarantee for $1.8 billion in Fluidstack's commitments, ensuring confidence in the success of the deal.
The tech giant has long been considered a key player in the race for leadership in AI. Recently, it has regularly offered new agency services.
