Bitcoin Miner TeraWulf (WULF) Stock Jumps 25% On AI News
TeraWulf is accelerating its shift into artificial intelligence through a new joint venture with AI cloud provider Fluidstack — backed by Google.
Shares of TeraWulf (NASDAQ: WULF) jumped more than 25% after the company announced a pivot to AI.
- TeraWulf and Fluidstack plan to build 168 megawatts (MW) of high-performance computing capacity.
- The project is located at TeraWulf’s Abernathy, Texas, campus under a 25-year hosting agreement.
- The agreement is valued at roughly $9.5 billion in contracted revenue.
TeraWulf will hold a 51% stake in the venture and retain exclusive rights to participate in Fluidstack’s next project.
No direct quote available in the text.
Author summary: TeraWulf shifts into AI with Fluidstack joint venture.
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