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TeraWulf Shares Surge Over 28% on 10-Year AI Hosting Deals with Fluidstack

Google’s 8% stake in TeraWulf via a $1.8B-backed hosting deal reflects deeper moves into AI infrastructure and blockchain, alongside new crypto compliance rules and stablecoin payment talks.

Fact Check
Multiple credible sources confirm TeraWulf signed 10-year AI hosting agreements with Fluidstack, causing its stock to surge. While some sources cite a 22% increase, Barron's reports the stock soared 43%, which is 'over 28%'. The discrepancy is likely due to reporting at different times during a volatile trading day, but the existence of a report from a major financial news source confirming a surge over 28% validates the statement.
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Summary

TeraWulf’s share price jumped over 28% to $6.97 after announcing two 10-year AI hosting agreements with Fluidstack, projected to generate $3.7 billion in revenue in the first decade, potentially reaching $8.7 billion with extensions. Google is backing Fluidstack’s $1.8 billion leasing obligation, securing about 41 million share warrants for an 8% stake. Google will also introduce new Google Play compliance rules for crypto exchanges and custodial wallets in certain jurisdictions starting October 29, 2025, exempting non-custodial wallets, and is reportedly in early discussions to integrate stablecoins for payments.

Terms & Concepts
  • Bitcoin Miner: A company that uses specialized hardware to validate Bitcoin transactions and secure the network, as exemplified by TeraWulf.
  • AI Hosting Agreement: A long-term contract providing hosting services for artificial intelligence applications, potentially generating substantial revenue as seen with Fluidstack.
  • Share Warrants: Financial instruments granting the right to purchase shares at a predetermined price, used here as part of Google’s backing of Fluidstack.