TeraWulf and Fluidstack Launch $9.5B AI Data Center Project in Texas

TeraWulf Inc. has formed a joint venture with Fluidstack Ltd. to develop a 168-megawatt AI data center in Abernathy, Texas, securing $9.5 billion in contracted revenue. The project marks TeraWulf's strategic pivot from Bitcoin mining to high-performance computing infrastructure. On October 29, 2025, the announcement triggered a stock surge of over 20%.