TeraWulf Don Secure $3.2B Google-Backed AI Hosting Expansion

TeraWulf and AI cloud provider Fluidstack don don expand 10-year AI hosting agreement for Lake Mariner campus from 200 MW to 360 MW of liquid-cooled, high-density compute capacity. The AI hosting deal wey first valued $3.7 billion with 40 MW phase scheduled by first half 2026 and full 200 MW deployment for end-2026, now add new 160 MW CB-5 data center, push total contracted revenue to $6.7 billion and fit reach $16 billion if dem extend am. Google don increase im backstop commitment from $1.8 billion to $3.2 billion, secure warrant for 32.5 million TeraWulf shares (14% stake). TeraWulf dey expect 85% net operating margin, around $315 million every year, wey go help dem diversify beyond Bitcoin mining. Shares of WULF jump 13% on top this news.