TeraWulf Stock Soars 43% on Google-Backed AI Hosting Deal

Published 2 months ago Positive
TeraWulf Stock Soars 43% on Google-Backed AI Hosting Deal
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Shares of TeraWulf surged Thursday after Alphabet Google took a stake in the Bitcoin mining company as part of a lengthy artificial-intelligence hosting deal. TeraWulf said it landed two 10-year agreements with AI cloud platform Fluidstack. The deal comprises around $3.7 billion in contracted revenue and includes two five-year extension options that could bring total revenue to roughly $8.7 billion.

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