TeraWulf Secures $3.7B Deal for Hyperscale AI Hosting, Boosts Capacity and Attracts Google Investment

TeraWulf has struck a major deal with FluidStack worth over $3.7 billion for 200+ MW of hyperscale AI hosting capacity, boosting the company’s credit profile significantly. The two 10-year contracts represent $8.7 billion in potential revenue if lease extensions are exercised, according to CEO Paul Prager. This expansion will be funded with a combination of capital market financing and Google’s investment, totaling $1.8 billion, for project debt support over the next decade. This strategic move positions TeraWulf to become a leading provider of AI infrastructure at scale.