TeraWulf Expands AI Infrastructure with Google’s Backing, Shares Surge 10%

TeraWulf's Lake Mariner campus secures a major expansion as AI cloud platform Fluidstack exercises its option for a new 160 MW data center. The project, slated for operation by late 2026, solidifies the company's position in next-generation AI infrastructure.

Google escalates its commitment with an additional $1.4 billion debt backstop, bringing total support to $3.2 billion. The tech giant's equity stake climbs to 14% through warrants for 32.5 million WULF shares. "This partnership demonstrates our shared vision for scalable AI solutions," said TeraWulf CEO Paul Prager.

Market response has been emphatic - WULF shares have nearly doubled since initial reports of the Fluidstack-Google collaboration surfaced last week, with another 10% premarket surge following today's announcement.