PANews reported on October 28th that according to The Block, TeraWulf has partnered with AI cloud platform Fluidstack to build a 168MW high-performance AI data center in Texas. The project is backed by a $1.3 billion lease from Google. TeraWulf holds a 51% stake in the project, and the total contract value is $9.5 billion. The project is expected to be completed in the second half of 2026, pushing the company's total capacity to over 510MW. The company also announced an 84% year-over-year increase in Q3 revenue. The news sent its stock price surging 25%, bringing its year-to-date gains to over 130%.PANews reported on October 28th that according to The Block, TeraWulf has partnered with AI cloud platform Fluidstack to build a 168MW high-performance AI data center in Texas. The project is backed by a $1.3 billion lease from Google. TeraWulf holds a 51% stake in the project, and the total contract value is $9.5 billion. The project is expected to be completed in the second half of 2026, pushing the company's total capacity to over 510MW. The company also announced an 84% year-over-year increase in Q3 revenue. The news sent its stock price surging 25%, bringing its year-to-date gains to over 130%.
TeraWulf partners with Fluidstack to launch $9.5 billion AI data center project, backed by Google; stock price surges 25%
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PANews reported on October 28th that according to The Block, TeraWulf has partnered with AI cloud platform Fluidstack to build a 168MW high-performance AI data center in Texas. The project is backed by a $1.3 billion lease from Google. TeraWulf holds a 51% stake in the project, and the total contract value is $9.5 billion. The project is expected to be completed in the second half of 2026, pushing the company's total capacity to over 510MW. The company also announced an 84% year-over-year increase in Q3 revenue. The news sent its stock price surging 25%, bringing its year-to-date gains to over 130%.
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