Key Notes The 10-year agreement provides 200 MW of critical IT capacity at TeraWulf’s Lake Mariner facility in New York. Google’s financial backing includes purchase warrants for 41 million shares, representing approximately 8% ownership. TeraWulf stock surged 38% following the announcement despite reporting $79.8 million losses in H1 2024. Data center infrastructure firm TeraWulf has entered a high-performance computing (HPC) colocation agreement with cloud services provider Fluidstack worth at least $3.7 billion. Under the terms of the deal announced on Aug. 14, TeraWulf will provide at least 200 MW of…
TeraWulf Stock Surges 38% After Landing $3.7B Google-Backed AI Infrastructure Deal
