TeraWulf и Fluidstack запускают грандиозный ИИ-проект с поддержкой Google на миллиардные контракты Translation: TeraWulf and Fluidstack Launch Ambitious AI Project with Googles Support on Billion-Dollar Contracts

The mining firm TeraWulf has entered into a ten-year contract with the cloud AI platform Fluidstack. With the backing of Google, the miner will provide approximately 250 MW, totaling $3.7 billion.

The company plans to utilize its infrastructure at the Lake Mariner data center campus in western New York to host high-performance computing capabilities. This facility is designed with a focus on employing liquid cooling for AI workloads and is built for large-scale operations.

The agreement forecasts revenue of about $3.7 billion over the initial decade, with options for two five-year extensions. If the deal is renewed, total revenue could reach $8.7 billion.

Google will offer guarantees for lease obligations amounting to $1.8 billion. In exchange, the corporation will receive warrants to purchase around 41 million shares of TeraWulf, equating to roughly 8% of the equity stake.

The project will be rolled out in phases, with approximately 40 MW expected to be operational by the first half of 2026. The facility is anticipated to be fully operational by the end of the year.

TeraWulf’s CEO, Paul Prager, stated that this agreement represents a «defining moment» for the company, emphasizing the collaboration of capital and computing partners to establish a new generation of AI infrastructure powered predominantly by inexpensive and low-carbon energy.

Additionally, it’s noteworthy that in March, the AI startup CoreWeave, previously involved in cryptocurrency mining, entered into a partnership agreement with OpenAI valued at up to $11.9 billion.