TeraWulf transitioned from Bitcoin mining to AI infrastructure through a 3.7 billion USD deal with Fluidstack, supported by Google. This strategic shift provides a stable revenue stream while allowing expansion into the promising AI market.
The agreement includes a long-term lease of 200 megawatts of IT load valued at approximately 3.7 billion USD, with potential growth reaching up to 8.7 billion USD in the future. This move positions TeraWulf favorably in the rapidly growing AI sector.
The shift was well-received by the market, evidenced by a 37% rise in TeraWulf’s stock price, trading at 8.71 USD at press time. Despite focusing on AI, TeraWulf continues to hold Bitcoin and maintain its mining operations.
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