📢 TeraWulf Surges 50% on $8.7B AI Colocation Deal
Bitcoin miner TeraWulf (WULF) rocketed over 50% intraday after inking two 10-year colocation agreements with AI high-performance computing provider Fluidstack.
💰 Deal Size: $3.7B contracted revenue, plus up to $5B in extensions — total potential $8.7B.
🤝 Big Backer: Google will backstop $1.8B of Fluidstack’s lease obligations and receive warrants for an ~8% stake in TeraWulf.
⚡ Deployment: Over 200 MW of hydro & nuclear-powered IT load in western New York.
🚀 Timeline: 40 MW online in H1 2026, full 200 MW by year-end.
📊 Note: Despite $79M in net losses so far in 2025, this AI push has fueled strong investor optimism.
TeraWulf now trades near $8.40, up from $5.46.
DYOR No Financial advice !