Terawulf Shares Experience Volatility Amidst AI Infrastructure Deals
Terawulf's stock has seen significant fluctuations, reaching a 52-week peak before retreating, following the announcement of two major back-to-back deals.
Strategic Partnership for AI Infrastructure
The volatility began with the news of an expanded joint venture between Terawulf and Fluidstack, aiming to develop 168 megawatts of IT capacity in Texas for global AI hyperscalers.
- 25-year agreement with approximately $9.5 billion in contractual revenue
- Terawulf maintains majority control at 51%
- Google to support 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 after AI infrastructure deals.
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