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TeraWulf's stock price rose 28% as the AI protocol brought in $37 billion in revenue.
On August 14, according to data from the data platform, Bitcoin mining company TeraWulf (WULF) pre-market rose over 28%, currently reported at 6.97 dollars.
According to previous reports, TeraWulf signed two 10-year AI hosting agreements with the AI cloud platform Fluidstack, with expected first 10 years contract revenue of approximately $3.7 billion, and if the extension is exercised, it could reach $8.7 billion. Google will guarantee Fluidstack's $1.8 billion lease obligations and receive about 41 million stock warrants, accounting for approximately 8% of the company's equity.