Home / Business and Economy / TeraWulf Reports 87% Revenue Surge, Inks $3.7B AI Deal with Google
TeraWulf Reports 87% Revenue Surge, Inks $3.7B AI Deal with Google
11 Nov
Summary
- TeraWulf's Q3 revenue up 87% to $50.6M
- Signed $3.7B AI hosting deal with Fluidstack, backed by Google
- Google takes 8% stake in TeraWulf as part of the deal
In the third quarter of 2025, Bitcoin miner and data center operator TeraWulf reported a strong financial performance, with revenue reaching $50.6 million, an 87% increase compared to the same period last year. The company attributed this growth to a combination of factors, including the rising price of Bitcoin, an expansion of its mining capacity, and the start of high-performance computing lease revenue.
Notably, TeraWulf has been making strategic moves to diversify its business beyond just Bitcoin mining. In August 2025, the company announced a 10-year, $3.7 billion AI hosting deal with Fluidstack, a leading AI infrastructure provider. As part of this agreement, tech giant Google has signed on to backstop $1.8 billion worth of Fluidstack's lease obligations. In return, Google has received a significant equity stake in TeraWulf, representing approximately 8% of the company's shares.
