TeraWulf Expands Lake Mariner Data Center with Fluidstack Partnership
Fluidstack has expanded its operations at TeraWulf's (https://holder.io/coins/wulf/) Lake Mariner data center campus in New York by adding a new building, CB-5, which will provide 160 MW of IT load. Operations are set to begin in the second half of 2026.
Google is increasing its financial support for the project by $1.4 billion, raising its total backstop to $3.2 billion. In exchange, Google will receive warrants for 32.5 million shares of WULF, boosting its equity ownership to 14%.
TeraWulf CEO Paul Prager stated that this expansion enhances the capacity with Fluidstack and strengthens their partnership with Google.
- WULF shares rose by 10% premarket
- Stock price has nearly doubled since the initial announcement