Google bets big on Bitcoin: Joins $3.7 billion deal that sends TeraWulf stock soaring 45%

TeraWulf stock news today: TeraWulf is having a moment. The bitcoin mining and high-performance computing (HPC) infrastructure company saw its stock rocket more than 45% this week after locking in a massive 10-year AI hosting agreement and landing a major backer in Google, as per a report.

TeraWulf stock jumps 45% after 10-year AI hosting deal

On Thursday, TeraWulf (WULF) announced it had signed two long-term co-location agreements with Fluidstack, an AI cloud platform operator, as per an IBD report. Under the deal, more than 200 megawatts of critical IT load will be deployed at TeraWulf’s Lake Mariner data center campus in Western New York, according to the report.

The scale of the agreement is enormous: the 10-year contracts represent $3.7 billion in revenue for TeraWulf, with two, five-year extension options that could bring that total up to $8.7 billion, as reported by IBD.


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Google backs $1.8B in Fluidstack lease with 8% TeraWulf stake

According to the IBD report, Google has revealed its plans to backstop $1.8 billion of Fluidstack’s lease obligations, supporting both the buildout and associated debt financing. In return, Google will receive about 41 million shares of TeraWulf stock, which is approximately an 8% stake in the company, as reported by IBD.

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WULF stock hits highest price since January

Following the announcement, WULF stock soared more than 25% on Thursday to its highest level since January, according to the report. The company has now rallied 165% from its April lows, although it remains slightly down for the year through Wednesday, as reported by IBD.

For TeraWulf, it’s a massive validation of its strategy to combine bitcoin mining with industrial-scale AI infrastructure, according to the report. It expects to deliver 40 MW of IT load in the first half of 2026, with the rest coming online by year’s end, as reported by IBD.

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Analysts call the deal a major turning point for TeraWulf

Analysts took notice as research firm Clear Street called the Fluidstack agreements “transformative,” noting the deal boosts TeraWulf’s visibility on future growth and profitability, according to the report. The firm has a “buy” rating on the stock and a $9 price target, as per the IBD.

Google, meanwhile, saw its shares dip slightly on Thursday, though it's still up 6% for the year, according to the report.

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FAQs

Why did TeraWulf stock go up?
Because the company signed a major 10-year deal with Fluidstack and got a big investment from Google.

What’s Google’s role in this?
Google is backing $1.8 billion of Fluidstack’s lease obligations and getting an 8% stake in TeraWulf.