Announced

TeraWulf to form joint venture with Fluidstack.

Synopsis

TeraWulf, an owner and operator of vertically integrated, low-carbon digital infrastructure, agreed to form joint venture with Fluidstack, a premier AI cloud platform that builds and operates HPC clusters for some of the world’s largest companies. Financial terms were not disclosed. “We are very pleased to deepen our strategic alignment with Fluidstack and Google through this long-term joint venture. On our last conference call — immediately following the Lake Mariner announcement — I made clear that our focus was execution, execution, execution. Today’s transaction demonstrates that execution in practice," Paul Prager, TeraWulf Chief Executive Officer.

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