TeraWulf partners with Fluidstack to launch a $9.5 billion AI data center project

ChainCatcher news, according to The Block, TeraWulf has partnered with the AI cloud platform Fluidstack to build a 168 MW high-performance AI data center in Texas, with a $1.3 billion lease support from Google. TeraWulf holds a 51% stake, and the total contract value reaches $9.5 billion. The project is expected to be completed in the second half of 2026, pushing the company's total capacity to exceed 510 MW.

The company also disclosed that Q3 revenue increased by approximately 84% year-on-year, and the stock price rose by 25% in response to the news, having increased by over 130% year-to-date.