TeraWulf partners with Fluidstack to launch a $9.5 billion AI data center project, backed by Google; stock price surges 25%

ChainCatcher news, according to The Block, TeraWulf has partnered with AI cloud platform Fluidstack to build a 168 MW high-performance AI data center in Texas. The project is supported by a $1.3 billion lease 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 beyond 510 MW.

The company also disclosed that Q3 revenue increased by approximately 84% year-on-year. Stimulated by the news, the stock price rose by 25%, and has increased by more than 130% since the beginning of the year.