TeraWulf Stock Soars with Google-Backed Joint Venture

Dow Jones

2025/10/29

By Emon Reiser

Shares for TeraWulf surged after the data center infrastructure company announced a Google-backed joint venture with a lease agreement valued at $9.5 billion, and reported preliminary results for the third quarter.

The stock soared 22% to $16.62 in midday Tuesday trading, on track for its highest close since December 2021. Shares are up 47% month to date and have nearly tripled year to date.

TeraWulf on Tuesday said it entered into a joint venture with artificial intelligence and cloud platform company Fluidstack to develop and operate a data center in Abernathy, Texas, with capacity for 168 megawatts of critical IT load. TeraWulf said the 25-year hosting commitment represents about $9.5 billion in contracted revenue for the joint venture.

Google has backed about $1.3 billion of Fluidstack's long-term lease obligations, while TeraWulf's contributions will be made in installments.

The company also said it expects third-quarter revenue between $48 million and $52 million. Analysts polled by FactSet expect $55.7 million.

"With more than 510 MW of contracted critical IT load now secured, including the new JV announced today, we are operating at a commercial run-rate consistent with our forward strategy of contracting an additional 250 to 500 MW per year," TeraWulf Chief Financial Officer Patrick Fleury said.

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

October 28, 2025 13:06 ET (17:06 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares are up 47% month to date and have nearly tripled year to date. \n</p>\n<p>\n  TeraWulf on Tuesday said it entered into a joint venture with artificial intelligence and cloud platform company Fluidstack to develop and operate a data center in Abernathy, Texas, with capacity for 168 megawatts of critical IT load. TeraWulf said the 25-year hosting commitment represents about $9.5 billion in contracted revenue for the joint venture. \n</p>\n<p>\n  Google has backed about $1.3 billion of Fluidstack's long-term lease obligations, while TeraWulf's contributions will be made in installments. \n</p>\n<p>\n  The company also said it expects third-quarter revenue between $48 million and $52 million. Analysts polled by FactSet expect $55.7 million. \n</p>\n<p>\n  \"With more than 510 MW of contracted critical IT load now secured, including the new JV announced today, we are operating at a commercial run-rate consistent with our forward strategy of contracting an additional 250 to 500 MW per year,\" TeraWulf Chief Financial Officer Patrick Fleury said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n   Write to Emon Reiser at emon.reiser@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 28, 2025 13:06 ET (17:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4600","symbol_name":"加密货币概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2579099962","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579099962","pubTimestamp":1761671160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares for TeraWulf surged after the data center infrastructure company announced a Google-backed joint venture with a lease agreement valued at $9.5 billion, and reported preliminary results for the third quarter.The stock soared 22% to $16.62 in midday Tuesday trading, on track for its highest close since December 2021. 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Shares are up 47% month to date and have nearly tripled year to date. \n\n\n  TeraWulf on Tuesday said it entered into a joint venture with artificial intelligence and cloud platform company Fluidstack to develop and operate a data center in Abernathy, Texas, with capacity for 168 megawatts of critical IT load. TeraWulf said the 25-year hosting commitment represents about $9.5 billion in contracted revenue for the joint venture. \n\n\n  Google has backed about $1.3 billion of Fluidstack's long-term lease obligations, while TeraWulf's contributions will be made in installments. \n\n\n  The company also said it expects third-quarter revenue between $48 million and $52 million. Analysts polled by FactSet expect $55.7 million. \n\n\n  \"With more than 510 MW of contracted critical IT load now secured, including the new JV announced today, we are operating at a commercial run-rate consistent with our forward strategy of contracting an additional 250 to 500 MW per year,\" TeraWulf Chief Financial Officer Patrick Fleury said. \n\n\n \n\n\n   Write to Emon Reiser at emon.reiser@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  October 28, 2025 13:06 ET (17:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}