🇺🇸 The Bitcoin mining company TeraWulf has announced a collaboration with the AI cloud platform Fluidstack to develop a 168 MW AI data center in Abernathy, Texas. This project has received rental support of $1.3 billion from Google and is expected to generate approximately $9.5 billion in contractual revenue for the joint venture, with TeraWulf holding 51% ownership. This facility will serve a global ultra-scaling AI platform focused on cutting-edge foundational models, which is expected to be completed in the second half of 2026. The cost of critical IT charges per megawatt for the project is between $8 million and $10 million, and will be supported by project-level debt financing backed by Google lease obligations.
