Mon Aug 18 11:40:00 UTC 2025: Okay, here’s a news article summary of the provided text:
**Terawulf Stock Soars on Google-Backed AI Cloud Deal**
**New York, NY** – Shares of Terawulf Inc. (NASDAQ:WULF), a data center company, surged as much as 60% Thursday following the announcement of a major agreement to deliver critical IT load to an unnamed “premier AI cloud platform,” backed by an $1.8 billion fund from Google. The deal, executed through a partnership with Fluidstack, positions Terawulf to potentially generate $8.7 billion in revenue over 20 years.
The agreement entails Terawulf providing 200 MW of critical IT load from its Lake Mariner data center campus in Western New York to Fluidstack. The initial 10-year contract is worth $3.7 billion, with options for two five-year extensions.
Google’s involvement includes providing $1.8 billion in funding to support project-related debt financing for the Fluidstack project. In exchange, Google will receive warrants for 41 million WULF common shares, representing 8% pro-forma equity.
The first phase of the project, involving 40 MW of IT load, is slated to come online in the first half of 2026, with the remaining 160 MW expected to be operational by the end of that year.
Terawulf also announced intentions to explore capital markets but didn’t offer further details.
While acknowledging Terawulf’s potential, analysts suggest investors explore other AI stocks with potentially higher returns and lower risks. A free report on an extremely cheap AI stock benefitting from Trump tariffs and onshoring has been mentioned.
First Piper 