Well, well, well. If you thought Bitcoin mining was just about cranking out digital gold in some dusty warehouse, think again. TeraWulf-a company that sounds like it belongs in a sci-fi movie about intergalactic mining colonies-just saw its stock leapfrog 72% last week. Why? Because Google decided to flex its wallet and raise its stake by 14%. Yes, the Google. The one that knows everything about your search history but still can’t recommend a decent sandwich shop nearby.
Key Highlights
✔️ Total contracted capacity is now over 360 MW of Critical IT Load thanks to CB-5
✔️ Same economic terms as previous leases-no surprises here, folks!
✔️ Represents $6.7 billion in contracted revenue (with potential…)
– TeraWulf (@TeraWulfInc) August 18, 2025
Now, if you’re wondering what all this means, let me break it down for you. Google has essentially thrown $3.2 billion worth of support behind TeraWulf, which is more money than most of us will see in ten lifetimes combined. According to CEO Paul Prager (a name that screams “I’m in charge”), this strengthens their “strategic alignment” with Google to help build shiny new AI infrastructure. Translation: They’re teaming up to teach computers how to think better than we do-which, given humanity’s track record, might not be saying much.
Fluidstack Joins the Party 🎉
But wait, there’s more! Earlier last week, TeraWulf inked two 10-year deals with Fluidstack, an AI cloud provider that probably has cooler business cards than you. These agreements add over 200 megawatts at Lake Mariner, and guess what? Fluidstack liked the deal so much they exercised an option for another 160 MW, bringing the total IT load to a whopping 360 MW. That’s enough power to run approximately half of Las Vegas-or at least one very ambitious Christmas light display.
Nazar Khan, TeraWulf’s CTO (who I assume wears glasses and drinks cold brew), said the early expansion proves the site’s reliability and scalability. Oh, and did I mention the potential revenue? Up to $16 billion through lease extensions. Let that sink in while you’re trying to decide whether to splurge on avocado toast tomorrow morning.
The CB-5 project won’t actually start humming until the second half of 2026, but analysts are already buzzing about using idle Bitcoin mining rigs to handle AI workloads. It’s like turning your old treadmill into a clothes hanger, except way more complicated-and profitable, apparently.
All this activity has investors feeling warm and fuzzy inside, making TeraWulf look less like a scrappy startup and more like the belle of the AI-driven data infrastructure ball. Whether this trend sticks or fizzles out remains to be seen, but hey-at least someone’s getting rich off all those abandoned Bitcoin farms. 👷♂️⛏️✨
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2025-08-19 11:18