TeraWulf Secures $3.7B AI Hosting Deal with Google, Shares Surge
TeraWulf has announced a $3.7 billion AI hosting deal backed by Google, resulting in a 22% surge in its shares. The agreement includes a long-term partnership with Fluidstack for AI infrastructure and sees Google acquiring an 8% stake in TeraWulf, with potential revenue growth up to $8.7 billion through future extensions.
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Global Coverage
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Stay sharp in 60 seconds. Get concise summaries of today’s biggest stories — markets, tech, sports, and more