🚀 TeraWulf Secures $3.7B AI Hosting Deal – Backed by Google!
The tech world is buzzing as TeraWulf, a U.S.-based Bitcoin mining and data center company, has sealed a $3.7 billion AI hosting mega-deal with Fluidstack, strongly backed by Google. This 10-year agreement positions TeraWulf at the frontline of the global AI infrastructure race.
💡 Why is this deal so big?
📈 Massive Growth – The deal guarantees $3.7B in revenue over 10 years, with potential extensions pushing it to $8.7B.
🔋 AI-Ready Infrastructure – TeraWulf’s Lake Mariner facility in New York will deliver 200MW+ liquid-cooled power capacity, essential for next-gen AI workloads.
🏦 Google’s Backing – Google is securing $1.8B of lease obligations and taking an 8% equity stake in TeraWulf. This shows big tech trust in TeraWulf’s future.
💹 Stock Market Boom – Following the announcement, TeraWulf’s stock soared 40–60% in one session, with analysts calling the deal “transformational.”
⚡ Impact of This Deal
1. AI Expansion Powerhouse – This shifts TeraWulf from just Bitcoin mining into a global AI infrastructure leader.
2. Investor Confidence – With Google’s stake, the company’s credibility skyrockets, likely attracting new institutional investors.
3. Tech Industry Shake-Up – Traditional miners may follow TeraWulf’s path, blending crypto infrastructure with AI demand.
4. Future AI Acceleration – The Lake Mariner project could fuel AI training, data processing, and cloud services, directly competing with giants like Amazon, Microsoft, and NVIDIA-backed facilities.
👉 In one line: This isn’t just a crypto-to-AI pivot—it’s a game-changing alliance that could redefine the future of AI hosting, energy-efficient computing, and digital infrastructure.