Markets, TeraWulf, Google, News The news comes alongside Fluidstack exercising its option to expand at WULF’s Lake Mariner data center campus.
AI cloud platform Fluidstack has exercised its option to expand at TeraWulf’s (WULF) Lake Mariner data center campus in Western New York.
The expansion adds CB-5, a new purpose-built data center building providing an incremental 160 MW of critical IT load, with operations expected to commence in the second half of 2026, according to a Monday morning press release.
Alongside, Google (GOOG) is adding $1.4 billion to its backstop supporting the project’s debt financing. In return, Google is receiving warrants for 32.5 million shares of WULF. Google’s total backstop now totals $3.2 billion and its pro forma equity ownership has risen to 14%.
“This expansion underscores the unmatched scale and capabilities of the Lake Mariner campus,” said Paul Prager, CEO of TeraWulf. “By adding CB-5, we are not only increasing our contracted capacity with Fluidstack, but also further deepening our strategic alignment with Google as a critical financial partner in delivering the next generation of AI infrastructure.”
WULF is higher by 10% premarket and now has nearly doubled in price since the Fluidstack/Google news was first announced late last week.
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