Terawulf Shares Experience Volatility Amid AI Infrastructure Moves
Terawulf's stock experienced significant volatility, surging to a 52-week peak before retreating, as the company announced two substantial deals.
Strategic Partnership Signals Massive Revenue Potential
The volatility began with the news of an expanded joint venture with Fluidstack, aiming to develop 168 megawatts of IT capacity in Texas, serving global AI hyperscalers.
- A 25-year agreement with approximately $9.5 billion in contractual revenue.
- Terawulf maintains majority control at 51%.
- Google committed to supporting around $1.3 billion of Fluidstack's long-term leasing obligations.
Google's commitment represents a substantial vote of confidence in the partnership's viability.
Author's summary: Terawulf's stock volatile amid AI infrastructure deals.
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