TeraWulf Soars After $9.5B AI Power Deal with Fluidstack
TeraWulf has suddenly become one of the most talked-about names on Wall Street. The company’s stock, trading under the ticker WULF on the NASDAQ, jumped nearly 20% in Tuesday morning trading after it announced a massive new partnership with Fluidstack — a 25-year joint venture valued at around $9.5 billion .
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Now, this isn’t just another routine tech deal. This collaboration is set to create 168 megawatts of high-performance computing (HPC) capacity at TeraWulf’s campus in Texas. Essentially, this means a huge expansion in AI computing power — the kind of infrastructure that companies need to train large-scale artificial intelligence models and support cloud-based computing workloads.
Under the agreement, both companies plan to leverage their strengths: Fluidstack brings its advanced cloud and distributed computing expertise, while TeraWulf contributes its energy-efficient mining and data infrastructure capabilities. Together, they’re aiming to make Texas a hub for large-scale AI processing, an industry that’s exploding as demand for computing power continues to skyrocket.
The financial community has been quick to react. A 20% surge in share price is no small thing, especially for a company that’s been viewed as a niche player in the energy-powered data space. Investors clearly see this partnership as a signal that TeraWulf is evolving beyond cryptocurrency mining — the company’s original focus — and moving deeper into the high-growth world of artificial intelligence infrastructure.
What makes this announcement even more interesting is its long-term scope . A 25-year deal is almost unheard of in the tech and energy sectors, where partnerships often last just a few years. It reflects a strong mutual commitment and a belief that AI-driven computing demand isn’t just a passing trend — it’s going to define the next generation of technology.
This project could also have ripple effects across the energy and technology sectors. Building out 168 megawatts of computing capacity requires serious power — and TeraWulf’s existing focus on sustainable, zero-carbon energy could make this one of the greenest AI infrastructure projects to date.
In short, what’s happening with TeraWulf right now represents more than just a big contract. It’s a clear sign of how AI and clean energy are converging to shape the digital economy’s future. If the company executes this project successfully, it could mark the start of a new chapter — not just for TeraWulf, but for how we think about the intersection of power, computing, and artificial intelligence itself.
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