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Benzinga
Benzinga
Business
Henry Khederian

TeraWulf Stock (WULF) Soars This Week On $3.7B AI Deal Backed By Google

WULF TeraWulf Google Company Nasdaq Artificial Intelligence Fluidstack
TeraWulf Konskie,,Poland,-,August,03,,2025:,Terawulf,Company,Logo,Displayed

Terawulf Inc (NASDAQ:WULF) shares are continuing their rally on Friday, building on recent gains after the company announced a significant deal positioning it as a key player in the artificial intelligence infrastructure space. The stock surged over 40% during midday trading on Thursday following the news and is higher by 78% since Monday’s session open.

What To Know: On Thursday, TeraWulf revealed two 10-year high-performance computing (HPC) colocation agreements with Fluidstack. These agreements represent approximately $3.7 billion in contracted revenue and involve supplying over 200 MW of power from TeraWulf's Lake Mariner data center in New York. The deal includes extension options that could increase the total contract value to $8.7 billion.

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