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TeraWulf, a Bitcoin miner, has shifted focus to AI infrastructure hosting through a $3.7 billion deal with Fluidstack, backed by Alphabet’s Google. The 10-year colocation agreement could more than double in value with extensions, marking a major revenue boost for the company.
- TeraWulf's 10-year AI colocation deal with Fluidstack is valued at $3.7 billion, with potential extensions doubling its worth.
- Google is supporting Fluidstack's $1.8 billion lease obligations and providing financing, acquiring 8% of TeraWulf via warrants.
- The pivot from Bitcoin mining to AI infrastructure reflects a broader industry trend toward diversified revenue streams.
📎 Related coverage from: cointelegraph.com