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 20:22:07
0
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.

-- Price

--

You may also like

Uniswap is trapped in an innovation dilemma

The various iterations of Uniswap are one of the sources of vitality in the DeFi market, but since 2023, Uniswap has not proposed any substantial innovations, instead adhering to traditional business explorations in application chains, Launchpads, etc., leading to a slump in token prices and market ...

What is the key to competition in crypto banking?

Digital banks, crypto cards, wallets, super apps, and DeFi protocols are all converging towards the same goal: to become the primary gateway for your savings, spending, earning, and transferring in the new era.

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Popular coins

Latest Crypto News