TeraWulf Stock Soars: Highest Price Since December!
Following the high-performance computing (HPC) infrastructure and bitcoin mining startup TeraWulf’s acquisition of an AI hosting contract, its shares shot up. On Thursday, the business revealed that it has inked two 10-year HPC co-location contracts with Fluidstack, a provider of an AI cloud platform. TeraWulf will install over 200 Megawatts (MW) of vital IT load at its Lake Mariner data center site in Western New York as per the agreement.
Google Backs $8.7B AI Hosting Deal
Over the first ten years, the agreements constitute around $3.7 billion in contracted revenue. Two five-year extension options are also included, potentially increasing the total contracted revenue to around $8.7 billion. Google intends to support the buildout and project-related debt finance by backstopping $1.8 billion of Fluidstack’s lease obligations. About 41 million shares of TeraWulf stock, or roughly 8% of the firm, would be given to Google in exchange.
Massive AI Hosting Agreement Propels TeraWulf to New Heights
In the first half of 2026, TeraWulf anticipates delivering 40 MW of IT load and bringing it online. By the end of the next year, it hopes to provide the remaining amount. In light of these developments, WULF’s shares surged over 59% on Thursday, reaching its highest level since December. TeraWulf is up over 54% this year after rising 322% from its April low.
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