Terawulf signs 10-year, $3.70 billion AI hosting deal with Fluidstack
2025-08-14 11:52:10
On August 14th, Bitcoin miner TeraWulf (NASDAQ: WULF) signed two 10-year HPC hosting agreements with AI cloud platform Fluidstack, which will provide more than 200 MW of critical IT load in the LakeMariner data center in New York. It is expected that the first 10 years of contract revenue will be about 3.70 billion US dollars, and if the extension period is exercised, it can reach 8.70 billion US dollars. Google will provide guarantees for Fluidstack's $1.80 billion lease obligation to support project-related debt financing, and obtain about 41 million warrants, accounting for about 8% of the company's equity.
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