Terawulf Inc., a bitcoin miner and digital infrastructure provider, has signed agreements to deliver over 70 megawatts of data center infrastructure to Core42, a subsidiary of G42 specializing in artificial intelligence (AI) and cloud services.
Terawulf Secures Key AI Data Center Deal with G42’s Core42
The agreement will see Terawulf (Nasdaq: WULF) customize its Lake Mariner facility in Upstate New York to support Core42’s deployment of advanced GPU clusters featuring Dell’s liquid-cooled Poweredge XE9680L servers. The infrastructure rollout will occur in phases between the first and third quarters of 2025.
This partnership marks Terawulf’s strategic foray into AI-driven high-performance computing (HPC) hosting while maintaining its focus on profitable bitcoin (BTC) mining. By leveraging predominantly zero-carbon energy, Terawulf aims to integrate sustainability into its expanding digital infrastructure portfolio.
Terawulf CEO Paul Prager highlighted the collaboration as a step toward diversifying revenue streams and addressing the growing demand for scalable AI infrastructure. The firm’s CTO Nazar Khan emphasized Core42’s alignment with Terawulf’s mission to deliver energy-efficient solutions for emerging computational needs.
Core42 Chief Growth Officer Edmondo Orlotti disclosed Terawulf’s Lake Mariner facility’s zero-carbon energy capabilities as being pivotal to their decision. This partnership also provides provisions for potential expansion, enabling Core42 to scale its operations by up to an additional 135 MW.
According to the announcement, Terawulf’s advisors for the deal include JP Morgan, Morgan Stanley, and Milbank LLP.
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