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TeraWulf leases infrastructure to expand AI amid rising Bitcoin mining costs

TeraWulf will lease over 70 megawatts of data center infrastructure to AI and cloud provider Core42, expanding its revenue streams amid rising Bitcoin mining costs. The infrastructure at the Lake Mariner facility will be energized in phases from Q1 to Q3 2025, as the company seeks to diversify and enhance long-term earnings potential. Despite a recent drop in share price, TeraWulf has seen a significant increase in its stock value this year, benefiting from Bitcoin's price surge.
Cointelegraph
Google Inc. CoinShares Physical XRP TeraWulf Inc. USA Paul Prager Show more
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04:42 24.12.2024
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