Terawulf Shares Experience Volatility Amidst AI Infrastructure Deals
Terawulf's stock experienced significant volatility, surging to a 52-week peak before retreating, following the announcement of two substantial deals.
Strategic Partnership Signals Massive Revenue Potential
The volatility began with the news of an expanded joint venture with Fluidstack, aiming to develop 168 megawatts of IT capacity in Abernathy, Texas, for global AI hyperscalers.
- The 25-year agreement is expected to generate approximately $9.5 billion in contractual revenue.
- Terawulf maintains majority control at 51%.
- Google has committed to supporting 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.