TeraWulf Inc. (NASDAQ:WULF) announced two 10-year high-performance computing (HPC) colocation agreements with Fluidstack on Thursday.
TeraWulf develops, owns, and operates industrial-scale data center infrastructure in the U.S., purpose-built for high-performance computing (HPC) hosting and Bitcoin (CRYPTO: BTC) mining.
Under the agreements, TeraWulf will deliver more than 200 MW of critical IT load (representing approximately 250 MW of gross capacity) at its Western New York Lake Mariner data center campus. The facility is purpose-built for liquid-cooled AI workloads.
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The agreements represent approximately $3.7 billion in contracted revenue over the initial 10-year terms and include two five-year extension options that would bring the total contract revenue to approximately $8.7 billion if exercised.
Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google will backstop $1.8 billion of Fluidstack’s lease obligations to …