1. TeraWulf signed a 10-year contract worth $3.7 billion with Fluidstack. 2. Google participates in the deal, increasing its stake from 8% to 14%. 3. WULF stock surged 70% due to this strategic shift towards AI cloud services. 4. The company reports $47.6 million revenue, up 34% year-over-year. 5. Expedited deployment of 200 MW capacity projected by late 2026.
The massive contract with Fluidstack and participation from Google signal strong growth potential, similar to prior tech industry shifts boosting stock prices significantly.
The partnership with Fluidstack and backing from Google fundamentally enhances WULF's revenue outlook and operational viability.
The long-term agreement and substantial revenue projections promise stable income over the next decade, akin to other tech sector transformations.