TeraWulf and Fluidstack partner on $9.5 billion AI data center
Bitcoin mining company TeraWulf has announced a partnership with AI cloud platform Fluidstack to develop a 168-megawatt AI data center in Abernathy, Texas. The project has secured $1.3 billion in leasing support from Google and is expected to bring in approximately $9.5 billion in contract revenue for the joint venture, with TeraWulf holding 51% ownership.
The facility will serve a global large-scale AI platform focusing on cutting-edge foundational models, and is expected to be completed in the second half of 2026. The cost per megawatt of critical IT load for the project is estimated to be between $8 million and $10 million, and will be financed through project-level debt supported by Google's leasing obligations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Beats Bitcoin in August With a 30% Monthly Gain
Fitness+ business streamlining, $1999 foldable screen and AI strategy take the lead! Apple (AAPL.US) is brewing a new round of strong growth
A more significant catalyst for future performance is the premium product structure upgrade driven by foldable screens, as well as a new wave of iPhone replacement demand prompted by Apple's exclusive AI experience that has been in the works for years.
Qualcomm (QCOM.US) Snapdragon Summit Preview: 2nm Dual-Chip Debuts, AI Diversification Narrative Faces Key Verification
Qualcomm is scheduled to hold its annual Snapdragon Summit in Maui, Hawaii, from September 22 to 24 local time.
SUI SuperTrend Flips to Buy — Macro Shift From Bearish to Bullish Begins
Crypto prices
More
