Crypto miner TeraWulf’s stock soared in yesterday’s trading after announcing its shift to AI infrastructure hosting. The move will involve a partnership with AI cloud platform Fluidstack, with support from Google.
Projected to be worth $1.01T in 2030, the AI market does seem to be where the money is heading.
Here’s how these new initiatives are paving the way.
According to TeraWulf’s statement, it signed two 10-year high-performance (HPC) colocation agreements with Fluidstack worth about $3.7B.
Apart from these agreements, the partners also have two five-year extension options. Should they exercise these options, this would bring the total contract revenue to $8.7B.
As part of the agreement, TeraWulf will provide over 200 MW of critical IT load from its data center campus in Western New York.
The market reacted positively to the announcement, which drove TeraWulf’s stock price in yesterday’s trading.
TeraWulf’s pivot to AI reflects the growing difficulty of mining Bitcoin.
At the same time, TeraWulf’s power cost per Bitcoin rose to $45,555 in Q2 2025 compared to $22,954 in Q2 2024.
As the difficulty of mining increases, companies like TeraWulf turn to alternative sources of income, which is where its pivot to AI comes in.
In other words, TeraWulf is following the money, which at the moment seems to be in AI.
At the heart of this AI-powered platform is its native $SUBBD token, which is currently on presale.
If you’re a fan, holding this token will unlock many doors for you within the SUBBD platform, like platform discounts, loyalty rewards, and access to exclusive content and early beta features.
Aside from those, you’ll also get governance rights, which give you the power to vote on platform updates, which creators to onboard to the platform, and more.
Currently costing only $0.056175, the token’s value will appreciate as the presale progresses and more creators adopt SUBBD’s tools.
There are also staking rewards if you want to earn passive income and other benefits from your tokens.
This will allow you to get a fixed 20% return on the first year, after which you’ll get perks like receiving more $SUBBD tokens, as well as other bonus features.
While crypto mining has been a lucrative business in the early days of digital currencies, it has increasingly become difficult and expensive. For the likes of TerraWulf, something has to give.
With declining returns and increasing energy costs, the company has decided to shift to AI infrastructure hosting. This could potentially net it over $8.7B and give Google an 8% equity stake, which we imagine would have been an easy decision to make.
This article isn’t financial advice. Please do your own research before investing into crypto projects.
