TeraWulf, a prominent Bitcoin miner, has secured a strategic partnership with Google as part of its high-performance computing (HPC) co-location agreements with Fluidstack.
According to an Aug. 14 statement, the search engine giant will backstop $1.8 billion of Fluidstack’s lease obligations, providing critical support for project-related debt financing.
The arrangement grants Google a warrant to acquire roughly 41 million shares of TeraWulf common stock. If exercised, this would represent an approximate 8% pro forma equity stake.
This strategic support enables TeraWulf, a leading digital infrastructure operator, to advance two 10-year HPC colocation agreements with Fluidstack.
The contracts allow TeraWulf to deliver over 200 MW of critical IT load from its Lake Mariner data center campus. The initial 10-year term is valued at approximately $3.7 billion, with two five-year extension options that could raise total potential revenue to $8.7 billion.
Notably, deployment is already under
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