Bitcoin Mining Firm Terawulf Signs AI Hosting Agreement with Fluidstack, First 10-Year Contract Generates $3.7 Billion in Revenue

By: theblockbeats.news|2025/08/14 12:22:07
Share
copy

BlockBeats News, August 14th, Bitcoin mining firm TeraWulf (Nasdaq: WULF) has signed two 10-year HPC hosting agreements with AI cloud platform Fluidstack. The agreements will provide over 200 MW of critical IT load at the New York Lake Mariner data center, with an estimated first 10-year contract revenue of approximately $3.7 billion, which could reach $8.7 billion if the extension option is exercised.

Google will guarantee Fluidstack's $1.8 billion lease obligation to support project-related debt financing and will receive around 41 million warrants, representing roughly 8% of the company.

You may also like

Cryptocurrency people who use candlestick charts for fortune telling

When fortune telling is depicted on candlestick charts and placed within the context of the cryptocurrency world, its explosive popularity stems not from the accuracy of its mystical claims, but from the fact that traders' collective anxiety about uncertainty has finally found an outlet.

Holiday Season Markets: Understanding Low Liquidity and Trading Conditions

At WEEX, we recognize that the holiday season often brings a different trading experience for many users. As market participation slows, price behavior can feel less predictable and familiar trading rhythms may shift. For traders following AI news today or using AI trading tools, this period often highlights how market structure can influence model performance and short-term signals. Approaching these periods with clear expectations and a disciplined mindset can help traders better navigate seasonal market conditions.

Hyperliquid Whales Shift Strategies: BTC Longs Decline, ETH Shorts Dominate

Key Takeaways A significant reduction in Bitcoin long positions has been observed on Hyperliquid, with large holders decreasing…

Crypto Christmas Heist: Over $6 Million Lost, Trust Wallet Chrome Extension Wallet Hacked Analysis

Trust Wallet Browser Extension version 2.68 has been found to contain a malicious backdoor, resulting in user funds being stolen, with a total loss exceeding $6 million.

Bitcoin Surges Toward $90,000 as $27 Billion Crypto Options Expire

Key Takeaways Bitcoin’s price is nearing the $90,000 mark amid increased market activity following the holiday lull. The…

Bitcoin Options Set to Expire, Potentially Altering Price Beyond $87,000 Range

Key Takeaways A historic Bitcoin options expiry event, valued at $236 billion, is set to occur, potentially impacting…

Popular coins

Latest Crypto News

Read more