TeraWulf Signs 200+ MW, 10-Year aI Hosting Agreements With Fluidstack
EASTON, Md., Aug. 14, 2025 (GLOBE NEWSWIRE)-- TeraWulf Inc. (Nasdaq: WULF) (" TeraWulf" or the "Company"), a leading owner and operator of vertically incorporated, predominantly zero-carbon digital infrastructure, today announced 2 10-year high-performance computing (HPC) colocation arrangements with Fluidstack, a premier AI cloud platform that develops and operates HPC clusters for a few of the world's largest companies.
Under the contracts, TeraWulf will deliver more than 200 MW of crucial IT load (representing ~ 250 MW of gross capability) at its Lake Mariner data center school in Western New york city. Purpose-built for liquid-cooled AI work, the facility is crafted to fulfill the scale, density and resiliency needed for next-generation calculate.
The agreements represent approximately $3.7 billion in contracted income over the initial 10-year terms and consist of two five-year extension alternatives which, if worked out, would bring the overall agreement revenue to around $8.7 billion.
To support the buildout, Google will backstop $1.8 billion of Fluidstack's lease obligations to support project-related financial obligation funding and will get warrants to acquire roughly 41 million shares of TeraWulf common stock, corresponding to an approximately 8% pro forma equity ownership stake-aligning TeraWulf with one of the most prominent global AI partners. TeraWulf likewise plans to access the capital markets to money a portion of the task.
An accompanying discussion relating to the Fluidstack transaction is readily available on the Company's financier relations website at investors.terawulf.com.
Rapid Deployment Schedule
Phase one-approximately 40 MW of vital IT load-is anticipated online in the first half of 2026, with the full 200+ MW released by year-end 2026, delivering substantial near-term capability to Fluidstack.
EASTON, Md., Aug. 14, 2025 (GLOBE NEWSWIRE)-- TeraWulf Inc. (Nasdaq: WULF) (" TeraWulf" or the "Company"), a leading owner and operator of vertically incorporated, predominantly zero-carbon digital infrastructure, today announced 2 10-year high-performance computing (HPC) colocation arrangements with Fluidstack, a premier AI cloud platform that develops and operates HPC clusters for a few of the world's largest companies.
Under the contracts, TeraWulf will deliver more than 200 MW of crucial IT load (representing ~ 250 MW of gross capability) at its Lake Mariner data center school in Western New york city. Purpose-built for liquid-cooled AI work, the facility is crafted to fulfill the scale, density and resiliency needed for next-generation calculate.
The agreements represent approximately $3.7 billion in contracted income over the initial 10-year terms and consist of two five-year extension alternatives which, if worked out, would bring the overall agreement revenue to around $8.7 billion.
To support the buildout, Google will backstop $1.8 billion of Fluidstack's lease obligations to support project-related financial obligation funding and will get warrants to acquire roughly 41 million shares of TeraWulf common stock, corresponding to an approximately 8% pro forma equity ownership stake-aligning TeraWulf with one of the most prominent global AI partners. TeraWulf likewise plans to access the capital markets to money a portion of the task.
An accompanying discussion relating to the Fluidstack transaction is readily available on the Company's financier relations website at investors.terawulf.com.
Rapid Deployment Schedule
Phase one-approximately 40 MW of vital IT load-is anticipated online in the first half of 2026, with the full 200+ MW released by year-end 2026, delivering substantial near-term capability to Fluidstack.