Bitcoin mining company TeraWulf has announced a partnership with AI cloud platform Fluidstack to develop a 168 trillion watt AI data center in Abernathy, Texas. The project is backed by a $1.30 billion lease from Google and is expected to generate about $9.50 billion in contract revenue for the joint venture, with TeraWulf holding a 51% ownership stake.
The facility will serve a global hyperscale AI platform focused on cutting-edge foundational models and is expected to be completed in the second half of 2026. The project will cost between $8 million and $10 million per megawatt of critical IT load and will be financed through project-level debt backed by Google's lease obligations.
TeraWulf partners with Fluidstack to develop $9.50 billion AI data center
2025-10-28 14:31:45
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