Terawulf Inc. shares fall 2.41% premarket despite AI data center expansion and $3.7 billion AI hosting agreements.

Terawulf Inc. declined 2.41% in premarket trading. The company announced a long-term ground lease for approximately 183 acres at the Cayuga site in Lansing, New York, which will allow for the development of up to 400 MW of digital infrastructure capacity. Additionally, TeraWulf signed two 10-year high-performance computing (HPC) colocation agreements with Fluidstack, representing approximately $3.7 billion in contracted revenue over the initial 10-year terms.