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TeraWulf Stock Surges 22% After $9.5B Google-Backed AI Compute Deal With Fluidstack

Shares of TeraWulf (WULF) jumped 22% on Tuesday after the bitcoin mining firm unveiled a new 9.5billionartificialintelligence(AI)infrastructurejointventurewithcloudplatformFluidstack,deepeningitspushintohighperformancecomputing(HPC).The25yearleaseagreement,representingabout9.5 billion artificial intelligence (AI) infrastructure joint venture with cloud platform Fluidstack, deepening its push into high-performance computing (HPC). The 25-year lease agreement, representing about 9.5 billion in contracted revenue, will see the two firms build out 168 megawatts (MW) of data center capacity at TeraWulf’s Abernathy, Texas campus. The facility will serve AI workloads, and is expected to ...