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TeraWulf Expands AI Infrastructure with Google Backing

TeraWulf Expands AI Infrastructure with Google Backing

Global Cryptocurrency
Release Time:
2025-08-18 13:11:02
0
BTCCSquare news:

TeraWulf's Lake Mariner campus secures a major expansion as Fluidstack exercises its option for a 160 MW data center, set to launch in late 2026. The deal coincides with Google increasing its financial commitment to $3.2 billion, acquiring warrants for 32.5 million WULF shares and lifting its equity stake to 14%.

"This partnership cements Lake Mariner's position as a cornerstone of AI infrastructure," said CEO Paul Prager. The market has responded aggressively—WULF shares have surged 10% premarket, nearly doubling since the collaboration was first announced.

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