Group 1 - Novo Nordisk shares rose by 5.9% following FDA approval for the weight loss drug Wegovy to be used in liver disease treatment [1] - Terawulf shares increased by 12.6% after Google announced an increase in its stake in Terawulf from approximately 8% to 14% [1] - Soho House shares surged by 16.2% as MCR Hotels' lead investor plans to take the company private at approximately $9 per share [1] - iQIYI shares jumped by 17.1% with the recent launch of the new series "生万物," achieving significant viewership on both TV and online platforms [1]

此次新增认股权证将叠加谷歌此前已经持有的Terawulf公司认股权证上，若全部行权，此前权证将占这 家比特币挖矿及高性能计算运营商8%的股权比例(按比例计算)。 Terawulf表示，CB-5的租赁条款与Fluidstack此前针对CB-3和CB-4的初始租赁条款在经济条件上保持一 致。 Terawulf的租户、人工智能云平台Fluidstack已行使扩建期权，包括新增一座名为CB-5的数据中心大楼。 该建筑将提供160兆瓦的额外关键IT负载，预计于2026年下半年投入运营。 谷歌同意再为Lake Mariner数据中心项目提供一笔财务担保，对该项目总担保金额增至32亿美元。作为 追加担保的对价，谷歌将获得可认购3,250万股TeraWulf普通股的认股权证。 智通财经APP获悉，Terawulf公司(WULF.US)周一宣布，谷歌(GOOGL.US)已同意提供14亿美元资金， 以支持Terawulf位于纽约州西部的Lake Mariner数据中心园区扩建项目。作为回报将获得认股权证，若 行权，谷歌在Terawulf的持股比例或提升至约14%。 受此消息影响，Terawulf股价在美股盘前大涨，截至发稿，该股 ...

Core Viewpoint - TeraWulf Inc. plans to offer $400 million in convertible senior notes due 2031, subject to market conditions, to qualified institutional buyers [1][10] Group 1: Offering Details - The company may grant initial purchasers an option to buy an additional $60 million in convertible notes within 13 days of the initial issuance [2] - The offering is contingent on market conditions, and there is no assurance regarding its completion [2] - The convertible notes will be senior unsecured obligations, accruing interest payable semi-annually starting March 1, 2026, and maturing on September 1, 2031 [4] Group 2: Use of Proceeds - Net proceeds from the offering will be used to cover costs related to capped call transactions and to finance data center expansion and general corporate purposes [3] Group 3: Conversion Terms - The convertible notes can be converted into cash or a combination of cash and shares of common stock, subject to stockholder approval for an increase in authorized shares [5] - Conversion is restricted until certain conditions are met prior to June 1, 2031, after which it can occur at any time until two trading days before maturity [4][5] Group 4: Capped Call Transactions - The company plans to enter capped call transactions to reduce potential dilution of common stock upon conversion of the notes [6][7] - Initial hedging activities related to these transactions may influence the market price of the common stock and convertible notes [8] Group 5: Company Overview - TeraWulf develops and operates environmentally sustainable data center infrastructure in the U.S., focusing on high-performance computing and bitcoin mining [12]

Core Insights - TeraWulf has expanded its contracted capacity to over 360 MW of critical IT load, representing $6.7 billion in contracted revenue, with potential to reach $16 billion through lease extensions [1][4] - Google has increased its financial commitment to TeraWulf, raising its backstop to $3.2 billion and its stake in the company to 14% [2] Capacity Expansion - The new CB-5 lease adds an incremental 160 MW of critical IT load at the Lake Mariner data center, with operations expected to start in the second half of 2026 [1][4] - The total contracted critical IT load for Fluidstack at Lake Mariner now stands at approximately 360 MW, solidifying its status as one of the largest high-performance computing campuses in the U.S. [4] Financial Commitments - Google will provide an additional $1.4 billion in support of project-related debt financing, alongside warrants to acquire 32.5 million shares of TeraWulf common stock [2] - The economic terms of the CB-5 lease are consistent with the initial Fluidstack leases for CB-3 and CB-4, ensuring uniformity in structure and economics [3] Strategic Alignment - The expansion of CB-5 enhances TeraWulf's strategic alignment with Google, positioning the company as a critical partner in delivering next-generation AI infrastructure [5] - TeraWulf's leadership emphasizes the importance of this expansion in reinforcing its role in the AI and HPC infrastructure ecosystem [5][6] Infrastructure Capabilities - The CB-5 facility will be purpose-built for high-density, liquid-cooled workloads, utilizing Lake Mariner's dual 345 kV transmission lines and sustainable water cooling [6] - TeraWulf's infrastructure is designed to support significant future expansions as Fluidstack's compute requirements grow [6]

Company Overview - TeraWulf Inc. is considered a late mover in the Bitcoin mining sector, particularly in high performance computing (HPC) [1] - The company began its serious pivot towards HPC last year [1] Leadership and Expertise - Mandela, associated with TeraWulf, has been a cryptocurrency enthusiast and trader since 2017, with a strong background in coding and writing about cryptocurrencies [1] - He possesses an in-depth understanding of distributed ledger technology, the Web3 technology stack, and crypto investment strategies [1] Research and Analysis - The company focuses on researching and analyzing cryptocurrency projects, Web3 trends, and security tokens [1] - Mandela is also a contributing writer for Seeking Alpha, indicating a commitment to sharing insights and analysis within the cryptocurrency space [1]

Core Insights - The trend of cryptocurrency mining companies transitioning to AI and high-performance computing (HPC) services is becoming evident due to reduced mining profits from declining energy costs [1][6] - Bitcoin mining costs are projected to exceed $70,000 by Q2 2025, up approximately 9.4% from $64,000 in Q1 2025, necessitating diversification for mining companies [1][6] - The recent Bitcoin halving in April 2024 has significantly reduced mining rewards, prompting miners to seek alternative revenue streams [1][6] Transition Trends - Core Scientific has signed a $3.5 billion, 12-year GPU infrastructure hosting agreement with AI cloud provider CoreWeave, marking one of the largest AI hosting deals ever [2] - Riot has paused its Bitcoin mining expansion to focus on leasing its facilities to AI companies, indicating a shift in strategy [2] - MARA Holdings plans to acquire a 64% stake in Exaion for $168 million, aiming to expand its AI infrastructure business [2] Recent Examples - TeraWulf has entered into two ten-year agreements with Fluidstack to provide HPC clusters, with total contract revenue potentially reaching $8.7 billion [3] - Google is investing $1.8 billion in TeraWulf's project, receiving warrants for approximately 8% equity in return [3] - The profitability of AI computing is significantly higher than Bitcoin mining, with Iris Energy's AI service revenue reaching $2.2 million by June 2025, compared to a 75% profit margin in mining [3] Market Reactions - CoreWeave's transformation from a small mining company to a major AI computing provider has resulted in a valuation of $48 billion and a revenue increase of 200% year-over-year [4] - TeraWulf's stock surged nearly 60% after Google's investment, highlighting the market's positive response to strategic shifts [4][6] - Analysts from Morgan Stanley and JPMorgan are optimistic about the potential for companies like CleanSpark, Riot, and MARA to enter the HPC service market, with MARA's stock rating upgraded to "overweight" [5][6] Strategic Drivers - The primary driver for mining companies transitioning to AI/HPC services is the need for diversified profit models, as evidenced by CoreWeave's success [6] - The ability to convert existing infrastructure into sustainable profitability will be crucial for companies navigating market cycles [6]

A massive AI data center deal is sending TeraWulf stock through the roof. Shares of TeraWulf (WULF 46.98%) are flying on Thursday, up 44.1% as of 1:09 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite were down slightly. TeraWulf, a Bitcoin miner and high-performance computing (HPC) data center company, announced it inked a 10-year, $3.7 billion deal backed by Alphabet's Google. Along with releasing its second-quarter earnings, TeraWulf announced a major co-location deal with Fluidstack, an artifi ...

Group 1 - TeraWulf Inc. experienced a stock surge of over 40% due to a $3.7 billion AI data center deal with Fluidstack, supported by a $1.8 billion guarantee from Alphabet Inc [1][6] - The acquisition of Beowulf Electricity & Data has streamlined operations and reduced costs, adding 94 employees to TeraWulf and enhancing its ability to deliver low-cost, zero-carbon power [2][5] - TeraWulf is rapidly scaling its operations with a total capacity of 500 megawatts at Lake Mariner, potentially increasing to 750 megawatts, and a new 400-megawatt site at Cayuga [3] Group 2 - The integration of Beowulf could lower the build cost for Fluidstack from $8-10 million per megawatt, while maintaining projected net operating margins of 85% [4] - TeraWulf's financial strategy includes $300 million in project financing led by Morgan Stanley and a $200 million share repurchase program, indicating financial agility [5] - The combination of the Fluidstack deal and Beowulf's integration positions TeraWulf favorably against competitors in the AI infrastructure sector [6]

Investment & Partnership - Google acquires an 8% stake in Bitcoin miner TeraWulf [1] - The deal is valued at $3.7 billion [1] Industry Focus - The deal is related to AI hosting [1]

谷歌已同意出资18亿美元支持项目建设，用于项目相关债务融资。作为对价，谷歌将获得认购约4100万 股TeraWulf普通股的认股权证，相当于8%的股权比例。 周四，TeraWulf(WULF.US)飙升超37%，创年内新高，报7.53美元。消息面上，该公司与Fluidstack签署 了两份为期十年的协议，将为大型云服务商提供高性能计算集群。根据协议，TeraWulf将利用其位于纽 约西部的Lake Mariner数据中心园区，交付超过200兆瓦的关键IT负载。公司声明称，协议总承包收入达 37亿美元，若行使两个五年续约选择权，合同总金额将增至87亿美元。 ...