TeraWulf announced that Fluidstack has expanded at their Lake Mariner data center campus with a 160 MW CB-5 lease.
Google increases backstop to $3.2 billion and stake in TeraWulf to 14%.
Total contracted critical IT load at Lake Mariner now exceeds 360 MW, with potential revenue of $16 billion with lease extensions.
Fluidstack Expansion
Fluidstack exercised its option to expand at Lake Mariner with a 160 MW CB-5 lease.
Google Backstop Increase
Google increased its backstop to $3.2 billion and ownership stake in TeraWulf to 14%.
Strategic Importance
The expansion reinforces TeraWulf's leadership in the AI and HPC infrastructure ecosystem.
- The expansion further solidifies the strategic alignment between TeraWulf, Fluidstack, and Google.
- The additional capacity at Lake Mariner enhances the company's position as a key player in high-performance computing.
TeraWulf's expansion at Lake Mariner through the CB-5 lease signifies a significant milestone in their partnership with Fluidstack and Google, highlighting their commitment to sustainable and scalable compute solutions.