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 integrated, predominantly zero-carbon digital infrastructure, today announced 2 10-year high-performance computing (HPC) colocation agreements with Fluidstack, a premier AI cloud platform that develops and operates HPC clusters for a few of the world's largest companies.
Under the arrangements, TeraWulf will provide more than 200 MW of important IT load (representing ~ 250 MW of gross capacity) at its Lake Mariner information center campus in Western New york city. Purpose-built for liquid-cooled AI workloads, the center is engineered to fulfill the scale, density and resiliency needed for next-generation calculate.
The agreements represent approximately $3.7 billion in contracted revenue over the initial 10-year terms and include two five-year extension alternatives which, if exercised, would bring the total agreement revenue to roughly $8.7 billion.
To support the buildout, Google will backstop $1.8 billion of Fluidstack's lease responsibilities to support project-related financial obligation funding and will get warrants to acquire approximately 41 million shares of TeraWulf typical stock, corresponding to a roughly 8% pro forma equity ownership stake-aligning TeraWulf with among the most prominent international AI partners. TeraWulf likewise prepares to access the capital markets to fund a part of the job.
An accompanying discussion relating to the Fluidstack deal is available on the Company's investor relations site at investors.terawulf.com.
Rapid Deployment Schedule
Phase one-approximately 40 MW of critical IT load-is expected online in the very first half of 2026, with the full 200+ MW deployed by year-end 2026, providing substantial near-term capacity to Fluidstack.
EASTON, Md., Aug. 14, 2025 (GLOBE NEWSWIRE)-- TeraWulf Inc. (Nasdaq: WULF) (" TeraWulf" or the "Company"), a leading owner and operator of vertically integrated, predominantly zero-carbon digital infrastructure, today announced 2 10-year high-performance computing (HPC) colocation agreements with Fluidstack, a premier AI cloud platform that develops and operates HPC clusters for a few of the world's largest companies.
Under the arrangements, TeraWulf will provide more than 200 MW of important IT load (representing ~ 250 MW of gross capacity) at its Lake Mariner information center campus in Western New york city. Purpose-built for liquid-cooled AI workloads, the center is engineered to fulfill the scale, density and resiliency needed for next-generation calculate.
The agreements represent approximately $3.7 billion in contracted revenue over the initial 10-year terms and include two five-year extension alternatives which, if exercised, would bring the total agreement revenue to roughly $8.7 billion.
To support the buildout, Google will backstop $1.8 billion of Fluidstack's lease responsibilities to support project-related financial obligation funding and will get warrants to acquire approximately 41 million shares of TeraWulf typical stock, corresponding to a roughly 8% pro forma equity ownership stake-aligning TeraWulf with among the most prominent international AI partners. TeraWulf likewise prepares to access the capital markets to fund a part of the job.
An accompanying discussion relating to the Fluidstack deal is available on the Company's investor relations site at investors.terawulf.com.
Rapid Deployment Schedule
Phase one-approximately 40 MW of critical IT load-is expected online in the very first half of 2026, with the full 200+ MW deployed by year-end 2026, providing substantial near-term capacity to Fluidstack.