TeraWulf Surges 2.99% Despite 56.94% Volume Drop to $960M as Google Backs $1.8B AI Hosting Deal Projected to Deliver $8.7B in Revenue Over 10 Years While Stock Ranks 90th in Trading Volume

On August 15, 2025, TeraWulf (WULF) closed with a 2.99% gain despite a 56.94% drop in trading volume to $0.96 billion, ranking 90th among listed stocks. The move followed a strategic partnership with Fluidstack and a $1.8 billion funding commitment from Google.

The miner announced a 10-year AI hosting agreement involving 200 MW of critical IT load at its Lake Mariner data center in New York. The deal secures $3.7 billion in contracted revenue over the initial term, with optional extensions potentially raising total value to $8.7 billion. A first-phase deployment of 40 MW is slated for mid-2026, with the remaining 160 MW targeting completion by year-end.

Google’s backing includes warrants covering 8% of TeraWulf’s pro-forma equity in exchange for project financing support. The company also indicated plans to access capital markets for additional funding, though specifics on debt or equity issuance remain undisclosed. Analysts highlighted the strategic alignment of TeraWulf’s infrastructure with high-performance computing demands, positioning it to benefit from AI-driven data processing trends.

The strategy of buying the top 500 stocks by daily trading volume and holding them for 1 day from 2022 to 2025 delivered a 1-day return of 0.98% and a cumulative 37.61%. While stable, the performance underscores conservative returns compared to higher-risk alternatives in the AI sector.