TeraWulf's stock price rose 28% as the AI protocol brought in $37 billion in revenue.

robot
Abstract generation in progress

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.

BTC-3.64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
RektButStillHerevip
· 38m ago
It seems like everyone is rushing towards AI, right?
View OriginalReply0
MEVictimvip
· 15h ago
Mining Rig also needs to get into AI The crypto world indeed never sleeps
View OriginalReply0
HodlOrRegretvip
· 15h ago
Google is the biggest winner.
View OriginalReply0
Layer3Dreamervip
· 15h ago
theoretically speaking, the computational density here is actually bullish af for L3 scaling...
Reply0
OnChainArchaeologistvip
· 15h ago
Don't believe in short-term big pump; I've been trapped three times already.
View OriginalReply0
MaticHoleFillervip
· 16h ago
Google's operation has something to it, huh?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)