TeraWulf expands partnership with Fluidstack, forming a joint venture to develop 168 MW of critical IT load in Texas, worth $9.5 billion in contracted revenue. CEO announces additional 168 MW project at undisclosed location. TeraWulf to hold 51% stake in joint venture, targeting delivery by H2 2026.

Transaction boosts TeraWulf’s contracted HPC platform to over 510 MW, supporting growth strategy of 250-500 MW annually. Google to finance project, supporting Fluidstack’s $1.3 billion long-term lease obligations. No new equity or warrants issued. Analyst sets $24 price target for WULF, implying 72% upside.

WULF stock up 8.5% in pre-market trading.

Read more at Yahoo Finance: TeraWulf inks $9.5B extension to Fluidstack deal as CEO teases additional 168 MW rollout