TeraWulf Inc. (WULF) Stock Surges 12% on Google-Backed $1.4B AI Data Center Expansion
TeraWulf Inc. shares jumped 12.04% to $10.05 following news of a $1.4 billion expansion deal backed by Google and Fluidstack. The agreement centers on the Lake Mariner data center in New York, reinforcing TeraWulf's position in high-performance AI infrastructure.
Google has increased its financial commitment to $3.2 billion, including warrants for 32.5 million TeraWulf shares, securing a 14% pro forma equity stake. This MOVE signals strong confidence in TeraWulf's ability to deliver scalable, zero-carbon AI infrastructure.
The deal follows previous Fluidstack partnerships, maintaining consistent economic structuring for future developments. With Google's backing, TeraWulf gains both capital and credibility in the competitive AI data center market.
