AI cloud platform Fluidstack has exercised its choice to develop at TeraWulf’s (WULF) Lake Mariner information middle campus in Western New York.
The growth provides CB-5, a brand new purpose-built information middle constructing offering an incremental 160 MW of essential IT load, with operations anticipated to start within the second half of 2026, based on a Monday morning press launch.
Alongside, Google (GOOG) is including $1.4 billion to its backstop supporting the undertaking’s debt financing. In return, Google is receiving warrants for 32.5 million shares of WULF. Google’s whole backstop now totals $3.2 billion and its professional forma fairness possession has risen to 14%.
“This expansion underscores the unmatched scale and capabilities of the Lake Mariner campus,” stated Paul Prager, CEO of TeraWulf. “By adding CB-5, we are not only increasing our contracted capacity with Fluidstack, but also further deepening our strategic alignment with Google as a critical financial partner in delivering the next generation of AI infrastructure.”
WULF is greater by 10% premarket and now has almost doubled in worth for the reason that Fluidstack/Google information was first introduced late final week.
