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TeraWulf collaborates with Fluidstack to develop a $9.5 billion AI data center
Golden Finance reports that the Bitcoin mining company TeraWulf has announced a partnership with the AI cloud platform Fluidstack to develop a 168 MW AI data center in Abernathy, Texas. The project has received $1.3 billion in leasing support from Google and is expected to generate approximately $9.5 billion in contract revenue for the joint venture, with TeraWulf holding 51% ownership. The facility will serve a global hyperscale AI platform focused on cutting-edge foundational models, expected to be completed in the second half of 2026. The project’s key IT load cost per megawatt ranges from $8 million to $10 million and will be supported by project-level debt financing backed by Google’s leasing obligations.