Terawulf Shares Experience Volatility
Terawulf's stock experienced significant volatility, surging to a 52-week peak before retreating after announcing two major deals.
Strategic Partnership
The company revealed an expanded joint venture with Fluidstack to develop 168 megawatts of IT capacity in Texas, serving global AI hyperscalers.
- 25-year agreement
- Approximately $9.5 billion in contractual revenue
- Terawulf maintains 51% majority control
Google has committed to supporting around $1.3 billion of Fluidstack's long-term leasing obligations.
This commitment adds credibility to the venture, representing a substantial vote of confidence in the partnership's viability.
Author's summary: Terawulf's stock volatile after AI infrastructure deals.
More News
- Humphrey School Students Host First-Ever Minneapolis Mayoral Forum
- Dean Lewis Shares Statement Following Misconduct Allegations
- Greece revokes asylum status to refugees returning to country of origin
- Shares of Navan Down 16% In Long-Awaited IPO Debut
- Stranger Things 5 trailer shows way more than we were ready for
- Kerala Blasters pip Rajasthan Utd 1-0The Shillong Times
- Tracing the Origins of Emma Kohlmann’s Arcane Figures
- Billie Eilish Calls on Billionaires to Do More for People in Need
- Andy Cohen Praises a Dallas Church for its Reponse to Gov. Abbott's War on Crosswalks
- COP30: agriculture is at the heart of the issues