“Minging company Terawulf has signed a 10-year contract with a cloud platform Fluidstack. With Google’s support, the miner will provide about 250 MW of $ 3.7 billion in total capacity. The company will use its infrastructure at the Lake Mariner Data Center campus in the western New York state to accommodate high-yielding capacity. The object is designated with the use of liquid cooling and is calculated on a large scale. Agreement […]”, – WRITE: Businessua.com.ua
Minging company Terawulf has signed a 10-year contract with a cloud platform Fluidstack. With Google Support, Miner will give about 250 MW of capacities total worth $ 3.7 billion.
The company will use its infrastructure at the Lake Mariner Data Center campus in the western part of New York to accommodate high-yielding computing capacities. The object is designated with the use of liquid cooling and is calculated on a large scale.
The Agreement provides for about $ 3.7 billion in revenue for the first 10 years and includes the possibility of two extensions of the contract for five years. In case of prolongation, the total amount of income can reach $ 8.7 billion.
Google will provide guarantees for rent of $ 1.8 billion. Instead, the corporation will receive Barrantians About 41 million Terawulf shares – about 8% of capital.
The implementation of the project will take place in several stages. In the first half of 2026, about 40 MW is planned to be commissioned. At full capacity, the object will work by the end of the year.
CEO Terawulf Paul Navari called the “defining moment” agreement for the company, emphasizing the association of capital and partners in the field of computing to create a new generation of Shi-infrastructure based on inexpensive and mainly without carbon energy.
Recall that in March, the Coreweave Shi-Startap, which previously engaged in cryptocurrency mining, concluded a partnership with OpenAi worth up to $ 11.9 billion.
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