Bitcoin News Today: TeraWulf lands $3.7B AI deal with Fluidstack Google backs 8% stake in strategic shift from crypto mining to AI infrastructure

TeraWulf, a Bitcoin miner, has signed a landmark $3.7 billion, 10-year AI hosting deal with Fluidstack, marking a major strategic shift from cryptocurrency mining to high-performance computing and AI infrastructure. The agreement, announced in mid-July 2025, involves deploying over 200 megawatts (MW) of AI capacity at TeraWulf’s Lake Mariner campus in Western New York, with the potential to expand to $8.7 billion if both five-year extension options are exercised [2].

The Lake Mariner site is specifically designed for liquid-cooled AI workloads, featuring dual 345 kV transmission lines, closed-loop water cooling, and ultra-low-latency fiber connectivity. TeraWulf expects to bring 40 MW online by the first half of 2026, with full deployment of over 200 MW expected by year-end 2026. The campus is being developed as a hub for high-density, resilient computing tailored to AI clients [2].

Google has played a pivotal role in the deal by guaranteeing $1.8 billion of Fluidstack’s obligations in exchange for approximately 8% equity in TeraWulf via 41 million warrants. This arrangement not only provides critical financial support but also strengthens the credibility and scalability of the project [2]. TeraWulf stated that Google’s involvement enhances the financing structure and reinforces the long-term viability of the AI hosting model [2].

The deal reflects a broader industry trend where tech firms are partnering with energy-rich infrastructure providers to meet the growing demand for AI processing power. By leveraging its existing energy infrastructure and transitioning into AI hosting, TeraWulf is positioning itself as a competitive player in the high-performance computing space. The company also highlighted that the project will use predominantly zero-carbon power, aligning with evolving corporate sustainability standards [2].

TeraWulf’s shift from Bitcoin mining to AI infrastructure has already generated strong investor interest. The company’s stock surged over 35% in early trading following the announcement [3]. Analysts have noted that TeraWulf’s move could position it as a key participant in the rapidly expanding AI infrastructure market, particularly given its access to energy resources and existing operational capabilities [5].

By securing a high-profile partner like Google and committing to a significant AI infrastructure deployment, TeraWulf is demonstrating the adaptability of firms traditionally associated with cryptocurrency in an increasingly AI-driven global economy [7].

Source:

[1] title1.............................(https://au.finance.yahoo.com/news/terawulf-jumps-22-3-7b-115022546.html)

[2] title2.............................(https://blockonomi.com/bitcoin-miner-terawulf-locks-3-7b-ai-deal-google-takes-8-slice/)

[3] title3.............................(https://seekingalpha.com/news/4485358-terawulf-surges-35-as-google-takes-8-stake-in-crypto-miner)

[4] title4.............................(https://www.ainvest.com/news/terawulf-3-7-billion-ai-hosting-deal-google-8-stake-strategic-pivot-ai-infrastructure-supremacy-2508/)

[5] title5.............................(https://www.coinglass.com/ru/news/533866)

[6] title6.............................(https://seekingalpha.com/news/4485160-biggest-stock-movers-thursday-cohr-rrgb-and-more)

[7] title7.............................(https://m.economictimes.com/crypto-news-today-live-14-aug-2025/liveblog/123288029.cms)