TeraWulf, a bitcoin miner, is taking a risk by partnering with Fluidstack, an AI cloud platform, in two 10-year agreements to deploy more than 200 MW of AI infrastructure, valued at over $3.7 billion. Google will support the deal with up to $1.8 billion in guarantees and purchase an 8% share in TeraWulf. The agreement combines the domains of artificial intelligence and cryptocurrency, as TeraWulf powers demanding AI workloads with its energy-efficient installations. In order to capitalise on the rapidly expanding AI economy, Bitcoin miners are diversifying, as evidenced by this.
TeraWulf Strikes $3.7B AI Hosting Deal Backed by Google
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