Bitcoin miner and data center operator TeraWulf reported a striking 87% year-over-year revenue surge to $50.6 million in its third-quarter earnings, driven by Bitcoin’s price appreciation, expanded mining capacity, and the launch of high-performance computing lease revenue. Despite the robust performance, the company’s stock experienced a 2.5% dip in after-hours trading, highlighting investor caution even as CEO Paul Prager emphasized strategic partnerships with Fluidstack and Google that signal TeraWulf’s evolution beyond pure cryptocurrency mining into AI infrastructure.
about TeraWulf Q3 Revenue Soars 87% on Bitcoin Mining & AI Deals
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TeraWulf Seeks $575M for AI Data Center Expansion
Nasdaq-listed Bitcoin miner TeraWulf is seeking to raise $575 million to fund its ambitious data center plans, including a Google-backed AI facility. The company is expanding its partnership with Fluidstack to build a 168 MW data center as Bitcoin miners increasingly diversify into AI computing. TeraWulf’s stock showed volatility following the announcements, reflecting investor interest in mining companies’ pivot to new revenue streams amid declining Bitcoin mining profitability.
about TeraWulf Seeks $575M for AI Data Center ExpansionTeraWulf Seeks $500M for Texas Crypto Mining Campus
Crypto mining firm TeraWulf has announced plans to raise $500 million through a convertible note offering to finance a new Texas data center campus. The private placement targets qualified institutional buyers and includes an option for underwriters to purchase an additional $75 million. This marks the company’s latest major capital raise following previous billion-dollar financing arrangements.
about TeraWulf Seeks $500M for Texas Crypto Mining CampusTeraWulf Expands AI Partnership, Stock Soars 17%
Bitcoin miner TeraWulf defied sector-wide declines with a nearly 17% stock surge on Tuesday, propelled by its expanded artificial intelligence partnership with Fluidstack in a Google-backed joint venture. The Nasdaq-listed company announced plans to develop 168 megawatts of critical IT infrastructure in Texas, securing a 51% majority stake in a 25-year hosting commitment. This strategic pivot toward AI computing represents a growing trend among Bitcoin miners seeking alternative revenue streams as mining economics become increasingly challenging following last year’s halving event.
about TeraWulf Expands AI Partnership, Stock Soars 17%TeraWulf’s $3B AI Pivot Backed by Google, Morgan Stanley
Crypto mining firm TeraWulf is executing a dramatic strategic pivot toward artificial intelligence infrastructure, backed by a massive $3 billion financing package arranged by Morgan Stanley with crucial support from Google. The deal, which includes a $1.4 billion backstop commitment from the tech giant, represents one of the most significant capital raises in the emerging convergence of cryptocurrency mining infrastructure and AI computing demands. This financing signals a major validation of TeraWulf’s ability to repurpose its energy-intensive operations for the booming artificial intelligence sector.
about TeraWulf's $3B AI Pivot Backed by Google, Morgan StanleyBitcoin Mining Stocks Surge 73-124% in September, Outpace BTC
Bitcoin mining stocks dramatically outperformed Bitcoin itself in September, with several major miners posting gains between 73% and 124%. This surge occurred despite ongoing pressure on mining economics and weaker on-chain activity. The divergence highlights growing investor interest in mining equities as leveraged plays on Bitcoin’s future.
about Bitcoin Mining Stocks Surge 73-124% in September, Outpace BTCBitcoin Miners Hit Record $39B Market Cap Amid AI Pivot
JP Morgan analysts report that 13 U.S.-listed Bitcoin miners achieved a record $39 billion market cap in August as major players expand into high-performance computing for artificial intelligence. This diversification strategy responds to declining mining profitability caused by increased network difficulty, higher operational costs, and reduced block rewards following April 2024’s halving event. While Bitcoin mining has become less profitable despite price increases, the transition to AI data centers requires significant infrastructure upgrades, including more complex HVAC systems. Companies like Hut 8 are developing gigawatt-scale facilities for non-mining purposes, while others like Hive Digital Technologies are adopting dual business models to capture value from both cryptocurrency mining and computing services.
about Bitcoin Miners Hit Record $39B Market Cap Amid AI PivotBitcoin Miner TeraWulf Pivots to AI with $3.7B Google-Backed Deal
TeraWulf, a cryptocurrency mining firm, has entered a 10-year, $3.7 billion colocation agreement with AI infrastructure provider Fluidstack, supported by Alphabet’s Google. The deal includes potential five-year extensions that could more than double its value, significantly increasing TeraWulf’s revenue. Google is backing Fluidstack’s $1.8 billion lease obligations and providing debt financing, receiving warrants for approximately 41 million WULF shares (8% of the company) in return. This pivot highlights the growing convergence between crypto mining and AI infrastructure hosting.
about Bitcoin Miner TeraWulf Pivots to AI with $3.7B Google-Backed DealCrypto Stocks Decline as Trump Takes Office Without Mentioning Cryptocurrency
US crypto stocks fell on January 21, with Riot Platforms down 4.85% and CleanSpark dropping 7.67%, as President Trump’s first day in office lacked any mention of cryptocurrency. Despite this, Bitcoin rebounded 3.45% to $105,770, while the S&P 500 saw a slight uptick of 0.88%. Trump’s recent pardon of Silk Road founder Ross Ulbricht has sparked hope among crypto advocates for future pro-crypto actions.
about Crypto Stocks Decline as Trump Takes Office Without Mentioning Cryptocurrency