🚀 TeraWulf (WULF) Rockets 12% After Google Bets Big on $1.4B Fluidstack Deal

Wall Street scrambles as TeraWulf's stock ignites—turns out even Google can't resist the siren song of bitcoin mining's energy arbitrage.

The Backstory: When a tech giant like Google throws its weight behind a $1.4 billion expansion, miners pay attention. TeraWulf's partnership with Fluidstack just became the industry's latest proof-of-work.

Why It Matters: 12% price spikes don't happen by accident. This is institutional validation meets stranded energy play—with a side of Wall Street skeptics choking on their morning coffee.

The Bottom Line: Another 'niche' crypto infrastructure play goes mainstream. Meanwhile, traditional finance still thinks Proof-of-Stake is the future. Cute.

TLDR

• TeraWulf soars as Google backs $1.4B AI data center expansion deal.
• WULF surges 12% after Google boosts stake, fueling AI infra growth.
• Lake Mariner grows: Google, Fluidstack fund 160MW AI data hub.
• Google’s $3.2B bet powers TeraWulf’s zero-carbon AI infrastructure.
• TeraWulf secures Google cash, expands AI-ready, green data campus.

TeraWulf Inc. shares surged 12.04% to $10.05 by 2:02 PM EDT on August 18.

TeraWulf Inc. (WULF)

The company revealed a new agreement with Fluidstack and Google involving its Lake Mariner data center in New York. This deal significantly strengthens TeraWulf’s positioning in the high-performance AI infrastructure sector.

Google Strengthens Financial Commitment with New Backstop

TeraWulf confirmed that Google will increase its financial backing to support the new CB-5 data center at Lake Mariner. This commitment adds $1.4 billion in project-related debt backstopping and includes warrants for 32.5 million TeraWulf shares. As a result, Google’s total backstop rises to $3.2 billion with a 14% pro forma equity stake.

The agreement follows similar terms from previous Fluidstack deals, ensuring consistent economic structuring for ongoing developments. Google’s increased support reflects growing confidence in TeraWulf’s ability to deliver scalable, energy-efficient infrastructure. With this, TeraWulf gains not only capital strength but also enhanced credibility in the AI data market.

This financial backing allows TeraWulf to MOVE ahead aggressively with construction and integration plans. The capital influx positions the company for competitive execution as demand for high-performance AI compute continues to climb. Google’s participation also signals institutional recognition of the Lake Mariner site’s strategic value.

Lake Mariner Expansion to Add 160 MW Data Center

TeraWulf and Fluidstack announced the CB-5 expansion, a 160 MW data center, to be completed by the second half of 2026. This project adds to the previously leased CB-3 and CB-4 buildings under Fluidstack, raising total capacity to 360 MW. The expansion cements Lake Mariner’s status as a large-scale, zero-carbon HPC campus.

CB-5 will be designed for liquid-cooled, high-density AI workloads using dual 345 kV lines and sustainable water cooling systems. The infrastructure supports ultra-low-latency connectivity, which is critical for advanced computing applications and growing AI use cases. This reinforces Lake Mariner’s role in delivering environmentally conscious yet powerful digital infrastructure.

The contract also includes scalable room for additional future capacity. TeraWulf confirmed it remains in active discussions with Fluidstack for further expansions. This suggests long-term commitment from both parties, supporting ongoing growth and innovation at the site.

Strategic Positioning in AI Infrastructure Sector

The CB-5 project highlights TeraWulf’s strategic growth in a rapidly expanding AI and HPC infrastructure market. The partnership with Fluidstack and Google enables rapid scale while maintaining zero-carbon energy alignment. It also strengthens the company’s value proposition in the AI compute ecosystem.

TeraWulf has consistently emphasized purpose-built infrastructure, and CB-5 reflects this approach in both design and operational outlook. The move supports its ambition to deliver globally competitive, scalable, and sustainable compute capacity. Each project milestone underlines operational execution and sector leadership.

With increasing AI compute demands and energy constraints, TeraWulf’s model gains relevance. The company combines energy efficiency with high-performance design, and strategic partnerships give it a competitive edge. The stock surge reflects market recognition of this positioning and confidence in the company’s execution roadmap.