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TeraWulf Secures $3.7 Billion AI Infrastructure Deal Backed by Google
TeraWulf Secures $3.7 Billion AI Infrastructure Deal Backed by Google
24
2
BTCCSquare news:
TeraWulf's stock surged 35% following the announcement of a landmark $3.7 billion agreement with AI cloud platform Fluidstack, backed by Google's financial participation. The tech giant acquired an 8% stake through warrants while guaranteeing $1.8 billion of lease payments, significantly de-risking the decade-long computing power supply contract.
The deal leverages TeraWulf's purpose-built Lake Mariner facility in New York, delivering 200MW of liquid-cooled capacity optimized for AI workloads. With extension options potentially valuing the partnership at $8.7 billion, this transaction underscores the insatiable infrastructure demands of large language model development.
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