**News Flash: TeraWulf Expands into AI Amid Rising Bitcoin Costs**

TeraWulf, a Bitcoin mining company, is leasing over 70 megawatts of data center infrastructure to AI and cloud provider Core42 at its Lake Mariner facility in New York. This strategic move aims to diversify revenue streams as Bitcoin mining costs rise, with the average cost to mine one Bitcoin increasing by 13% to $55,950 in Q3 2024.

CEO Paul Prager highlights the growing demand for scalable infrastructure, seeing this partnership as a way to enhance long-term earnings. Despite a recent 12% drop in share price, TeraWulf's stock has surged 152.6% in 2024. The infrastructure will be operational in phases through 2025.