TeraWulf Expands Into AI Data Centers Amid Bitcoin Surge

NEW YORK, NY – TeraWulf Inc., a Bitcoin mining company known for its green energy initiatives, is expanding into artificial intelligence-focused data centers. The move follows a significant surge in the company’s stock price, which soared over 100% in 2025, drawing attention from investors and analysts.

As of late October 2025, TeraWulf’s stock was trading in the mid-$13 range, hitting a high of approximately $16 in earlier trading sessions. This dramatic rise is attributed to a combination of broader market recovery in cryptocurrencies and TeraWulf’s strategic pivot into AI data hosting. On October 24, shares closed at $13.71, with nearly 27.3 million shares exchanged, indicating robust trading interest.

TeraWulf’s rapid stock appreciation coincides with its partnerships for high-performance computing (HPC). In August, the company announced agreements with Fluidstack, a cloud provider, to power AI applications at its Lake Mariner facility. These contracts are projected to generate $3.7 billion in revenue over 10 years, with a potential total of $8.7 billion.

A crucial element of this venture is financial backing from tech giant Google, which has agreed to support Fluidstack’s initial $1.8 billion in debt obligations. This partnership solidifies TeraWulf’s standing in the industry, as Google now holds an equity stake of about 14% in the company.

TeraWulf’s stock trajectory has attracted commentary from analysts, particularly after a downgrade by Wall Street Zen from “Hold” to “Sell,” marking a notable shift in sentiment. Analysts noted concerns regarding TeraWulf’s earnings miss of $0.05 per share in the previous quarter, despite a year-over-year revenue increase of 33.9%.

CEO Paul Prager described the agreements with Fluidstack and Google as a “defining moment,” underscoring the company’s commitment to delivering advanced AI infrastructure powered by predominantly green energy sources. TeraWulf has also secured an 80-year lease on a former coal plant site in Cayuga, New York, expected to contribute up to 400 megawatts of additional capacity.

As TeraWulf prepares for an earnings report expected soon, investors are keenly aware that this will be the first reflection of revenues generated from the new AI initiatives. Wall Street projections suggest the company could significantly increase its revenue, potentially reaching around $800 million by 2027, contingent on continued success in the AI sector and Bitcoin price stability.