Terawulf Inc. Soars 78.3% on Google Backing for AI Cloud Platform

Terawulf (WULF) surged 78.3% after announcing a partnership with Google for the delivery of critical IT load to a premier AI cloud platform. The deal includes $3.7 billion in contracted revenue over 10 years and a $1.8 billion fund backing from Google. The first phase of deployment is expected to come online in 2026.

TeraWulf (WULF) saw a significant 78.3% surge in its stock price following the announcement of a strategic partnership with Google to deliver critical IT load to a premier AI cloud platform. The deal, which includes $3.7 billion in contracted revenue over a 10-year period, also features a $1.8 billion fund backing from Google. The initial phase of deployment is expected to come online in 2026, with the full deployment expected by the end of the year [2].

The partnership involves the construction of a new data center, CB-5, at TeraWulf's Lake Mariner campus in Western New York. This expansion will add 160 MW of critical IT load and is supported by $3.2 billion in funding from Google. The deal also includes two 10-year agreements with Fluidstack for AI infrastructure development, further cementing TeraWulf's position as a leading provider of high-performance computing (HPC) and AI infrastructure [1].

Paul Prager, CEO of TeraWulf, highlighted the significance of this expansion, stating, "This expansion underscores the unparalleled size and capabilities of the Lake Mariner campus and strengthens our strategic partnership with Google." The partnership will also extend the two 10-year agreements with Fluidstack, a crucial financial partner in developing next-generation AI infrastructure [1].

The stock rally comes despite the announcement of a $400 million convertible note offering, which is expected to mature in 2031. The offering provides an option for initial buyers to purchase up to an additional $60 million within 13 days, further demonstrating the company's commitment to securing additional funding for its expansion [1].

The expansion at Lake Mariner is part of TeraWulf's broader strategy to lead the market in large-scale digital infrastructure. With a mission to serve both its own compute requirements and those of top-tier HPC clients, TeraWulf is committed to innovation and operational excellence. The company's focus on environmentally sustainable, industrial-scale data center infrastructure is a key differentiator in the competitive HPC market [2].

References:
[1] https://www.fxleaders.com/news/2025/08/18/terawulf-googles-stake-in-wulf-fuels-bitcoin-mining-stock-rally/
[2] https://investors.terawulf.com/news-events/press-releases/detail/112/terawulf-signs-200-mw-10-year-ai-hosting-agreements-with