Key takeout
- Google has backed the $1.8 billion Terawulf AI mission, incomes a possible stake in 8% of its stake.
- The settlement contains $3.7 billion in contract revenues and contains AI-driven infrastructure developments of over 200 MW.
American Bitcoin Miner Terawulf introduced on Thursday that it has signed two 10-year high-performance computing (HPC) colocation agreements with Google-backed AI Cloud Platform Fluidstack.
Beneath the settlement, Terrow Wolf will present a vital IT load of over 200 megawatts (MW) to the Lake Mariner Knowledge Heart campus in western New York, a facility aimed toward liquid-cooled AI workloads.
As the corporate factors out, if two five-year extension choices are exercised, the whole contract worth may attain $8.7 billion.
Google will obtain a warrant to marry the $1.8 billion Fluidstack lease obligation to help project-related debt financing and purchase roughly 41 million shares of Terawulf’s widespread inventory, representing 8% Professional Forma Fairness Stake.
“It is a vital second for Terrawolf,” Terahulf CEO Paul Prager stated in a press release. “We’re proud to unite our world-class capital and computing companions to ship the following technology of AI infrastructure with low-cost zero-carbon power.”
The primary section of roughly 40 MW is anticipated to be on-line within the first half of 2026, with a full deployment of over 200 MW deliberate by 2026. The whole price of the mission is estimated at $8 million-10 million per MW of vital IT load.
“Fluidstack is proud to be a dependable supplier of vital calculations for the world’s main AI lab,” stated César Maklary, co-founder and president of Fluidstack. “The partnership with Terawulf displays our shared dedication to offering a fast, scalable infrastructure for AI frontiers.”
In line with Yahoo Finance knowledge, Terawulf (Wulf) shares have skyrocketed over 46% following new contracts.
