Bitcoin miner TeraWulf is leasing
Bitcoin miner TeraWulf is leasing over 70 megawatts of data center infrastructure to expand its artificial intelligence revenue as it deals with rising Bitcoin mining costs. TeraWulf announced on Dec. 23 that AI and cloud provider Core42 would rent the 70 MW of infrastructure at the crypto miner’s Lake Mariner facility in upstate New York as its share price closed down 12% amid a broader market fall.
TeraWulf said the data center
TeraWulf said the data center leases reflect its strategic extension into AI-driven computing, complementing its profitable Bitcoin mining operations. The infrastructure will be energized in phases between the first and third quarters of 2025. TeraWulf CEO Paul Prager said that “surging demand for scalable, energy-efficient infrastructure presents a tremendous opportunity,” and the partnership exposes the firm to both AI and Bitcoin mining.
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