TeraWulf还表示，在这笔交易之后，其签约的高性能计算平台目前承载的关键IT负载已超过510兆瓦， 并正在追求每年新增250至500兆瓦签约容量的增长目标。 智通财经APP获悉，周二，TeraWulf(WULF.US)盘中大涨近24%，续创年内新高累计暴涨200%，现报 16.97美元。消息面上，TeraWulf表示，已与AI云平台运营商Fluidstack成立了一家合资企业，将在德克 萨斯州阿比林建设并运营一个168兆瓦的AI计算设施。该项目附带一份为期25年的托管协议，价值约95 亿美元。TeraWulf称，它将持有该合资企业51%的股份，计划于2026年下半年开始运营。 ...

Core Viewpoint - TeraWulf has formed a joint venture with AI cloud platform operator Fluidstack to build and operate a 168 MW AI computing facility in Abilene, Texas, which has led to a significant increase in its stock price and market performance [1] Group 1: Joint Venture and Project Details - TeraWulf has established a joint venture with Fluidstack to develop a 168 MW AI computing facility [1] - The project includes a 25-year hosting agreement valued at approximately $9.5 billion [1] - TeraWulf will hold a 51% stake in the joint venture, with operations expected to commence in the second half of 2026 [1] Group 2: Performance and Growth Targets - Following the transaction, TeraWulf's contracted high-performance computing platform now supports critical IT loads exceeding 510 MW [1] - The company aims to achieve an annual growth target of 250 to 500 MW in contracted capacity [1]

Core Insights - TeraWulf's shares increased by 22% following the announcement of a $9.5 billion AI infrastructure joint venture with Fluidstack, marking a significant move into high-performance computing [1] Group 1: Joint Venture Details - The 25-year lease agreement is valued at approximately $9.5 billion in contracted revenue, involving the construction of 168 megawatts (MW) of data center capacity at TeraWulf's Abernathy, Texas campus, aimed at supporting AI workloads [2] - Google is backing the deal by supporting $1.3 billion of Fluidstack's long-term lease obligations, enhancing lender confidence for project financing [2] - TeraWulf will maintain a 51% stake in the joint venture, securing exclusive rights to co-develop Fluidstack's next 168 MW AI data center project under similar terms [3] Group 2: Capacity and Future Plans - With the new agreements, TeraWulf now has a total of 510 MW of computing capacity under contract and aims to add between 250 to 500 MW annually in the future [3] Group 3: Financial Projections - For the third quarter of 2025, TeraWulf expects revenue to be between $48 million and $52 million, reflecting an approximate 84% increase from the same period last year [4] - Adjusted EBITDA is projected to be between $15 million and $19 million, nearly tripling last year's results [4]

TeraWulf (WULF) has expanded its Google-baced partnership with AI cloud platform Fluidstack, forming a joint venture to develop 168 MW of critical IT load at the Abernathy, Texas campus, under a 25-year hosting commitment worth approximately $9.5 billion in contracted revenue. Get these headlines directly to your inbox: subscribe to Blockspace. Following the announcement, TeraWulf CEO Paul Prager tweeted that Fluidstack and Google have also tapped TeraWulf for another 168 MW of AI load an undisclosed loca ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 28, 2025 TERAWULF INC. (Exact name of registrant as specified in its charter) (410) 770-9500 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under an ...

Core Insights - TeraWulf Inc. reported preliminary financial results for Q3 2025, expecting revenue between $48 million and $52 million, marking an approximate 84% increase from $27 million in Q3 2024 [2][4] - The company anticipates adjusted EBITDA of $15 million to $19 million, compared to $6 million in the same quarter of the previous year [2][4] - TeraWulf's strategy focuses on converting its infrastructure into long-duration contracted high-performance computing (HPC) capacity, with over 510 MW of contracted critical IT load secured [3][8] Financial Performance - Expected revenue for Q3 2025 is projected to be between $48 million and $52 million, reflecting an 84% increase from Q3 2024 [2] - Adjusted EBITDA is anticipated to be between $15 million and $19 million, a significant rise from $6 million in Q3 2024 [2] Strategic Initiatives - The company is successfully repositioning Lake Mariner for high-performance compute workloads, which is contributing to its strong operating performance [3] - TeraWulf has secured over 510 MW of contracted critical IT load and aims to contract an additional 250 to 500 MW per year, demonstrating scalability and disciplined capital deployment [3][8] Company Overview - TeraWulf develops and operates environmentally sustainable, industrial-scale data center infrastructure in the U.S., specifically for HPC hosting and bitcoin mining [8]

Core Insights - TeraWulf has entered a long-term joint venture with Fluidstack to develop a high-performance computing (HPC) platform, representing approximately $9.5 billion in contracted revenue over 25 years [1][3][12] - The joint venture will focus on delivering 168 MW of critical IT load at the Abernathy, Texas campus, with an expected completion in the second half of 2026 [2][3] - TeraWulf will maintain a 51% majority stake in the joint venture and has secured the exclusive right to partner on future Fluidstack-led projects [4][12] Financial and Operational Highlights - The hosting commitment of 25 years is projected to generate around $9.5 billion in revenue for the joint venture [3][12] - Google is backing approximately $1.3 billion of Fluidstack's long-term lease obligations, enhancing the credit quality for project debt [6][12] - The total project cost is estimated to be between $8 million and $10 million per MW of critical IT load [12] Growth Strategy - TeraWulf's contracted HPC platform now exceeds 510 MW of critical IT load, with a growth strategy targeting an additional 250 MW to 500 MW of contracted capacity annually [5][12] - The joint venture has the right to develop future phases at the Abernathy campus, leveraging existing infrastructure for additional capacity [3][12] Leadership Commentary - TeraWulf's CEO emphasized the importance of execution and the strategic alignment with Fluidstack and Google, highlighting the evolution of their infrastructure model [7] - Fluidstack's leadership expressed confidence in TeraWulf's operational discipline and energy expertise, which are crucial for supporting next-generation GPU clusters [7]

Group 1 - TeraWulf Inc. is recommended for selling after announcing the pricing of $3.2 billion of senior secured notes [1] - Super Micro Computer, Inc. received a Neutral rating from JPMorgan analyst Samik Chatterjee, with a lowered price target from $45 to $43 [1] - Applied Digital Corporation signed a lease with a U.S.-based investment-grade hyperscaler for its Polaris Forge 2 Campus, representing approximately $5 billion in total contracted revenue over a 15-year term [2] Group 2 - Kyndryl Holdings, Inc. is suggested for purchase, with results for the quarter ended September 30 expected to be released on November 4 [3] - Dell Technologies Inc. is also recommended for purchase [3] Group 3 - Applied Digital shares increased by 2.8% to close at $34.35 [5] - Kyndryl shares rose by 1.4% to close at $28.90 [5] - Super Micro Computer shares climbed by 6.8% to settle at $51.57 [5] - TeraWulf shares decreased by 0.5% to close at $13.64 [5]

Core Insights - The stock market is experiencing new highs, with cryptocurrency mining and data center infrastructure stocks emerging as significant winners for 2025 [1] - Leading companies include IREN Ltd, Cipher Mining, Applied Digital, and Nebius, with year-to-date gains exceeding 300% [1][2] Company Performance - IREN Ltd has surged over 540% year-to-date, followed by Cipher Mining at 345%, Applied Digital at 338%, and Nebius at 323% [1] - Other notable performers include CoreWeave at 231%, Bitfarms at 209%, and TeraWulf at 142% [2] - Companies like Hut 8, CleanSpark, and Riot Platforms have also advanced over 100%, while Galaxy Digital and Marathon Holdings have seen gains of 69% and 16%, respectively [2] Industry Trends - Traditional Bitcoin miners are transitioning into data infrastructure providers, with IREN repositioning as a renewable-energy-powered data center operator [4] - Applied Digital has secured a $5 billion multi-year AI infrastructure lease and expanded capacity by 150 megawatts, indicating a shift towards stable, recurring data-hosting income [5] - Cipher Mining and Nebius are leveraging existing mining sites to meet the rising demand for AI and high-performance computing (HPC) hosting [6] Market Dynamics - The rally in these stocks is supported by rising Bitcoin prices, increasing institutional interest, and significant global investment in AI infrastructure [7] - Companies that were once solely focused on cryptocurrency are now being re-rated as hybrid plays on both digital assets and the AI boom, reflecting a structural advantage in the digital economy [7]

Group 1 - TeraWulf Inc. (NASDAQ:WULF) is recognized as one of the 12 most promising blockchain and crypto mining stocks according to hedge funds [1] - Northland raised its price target on TeraWulf from $15 to $16.25, maintaining an "Outperform" rating, citing attractive debt pricing and improving financial conditions [2] - The company announced a $3.2 billion senior secured notes offering, due in 2030, to fund expansion and enhance liquidity in response to rising demand for AI and digital assets [3] Group 2 - TeraWulf operates Bitcoin mining facilities in New York and Pennsylvania and provides mining hosting services to third parties [4]