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Bitcoin Mining Company Terawulf Signs AI Hosting Agreement with Fluidstack, First 10-Year Contract Revenue Reaches $3.7 Billion
Summary: According to reports, Bitcoin mining company TeraWulf (NASDAQ: WULF) has signed two 10-year HPC hosting agreements with AI cloud platform Fluidstack, providing over 200 MW of critical IT load at the Lake Mariner data center in New York. The expected revenue from the first 10-year contract is approximately $3.7 billion, with a potential increase to ...
According to reports, Bitcoin mining company TeraWulf (NASDAQ: WULF) has signed two 10-year HPC hosting agreements with AI cloud platform Fluidstack, providing over 200 MW of critical IT load at the Lake Mariner data center in New York. The expected revenue from the first 10-year contract is approximately $3.7 billion, with a potential increase to $8.7 billion if extension options are exercised. Google will guarantee $1.8 billion in lease obligations for Fluidstack to support project-related debt financing, and will receive around 41 million stock warrants, representing approximately 8% ownership of the company.
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Link: Bitcoin Mining Company Terawulf Signs AI Hosting Agreement with Fluidstack, First 10-Year Contract Revenue Reaches $3.7 Billion [Copy]
