TeraWulf: AI deals, investors and valuation
As of Nov 9, 2026, TeraWulf has 5 AI deals of $1B+ in this database: it pays $0M and receives $20.9B (net +$20.9B). It ranks #30 of 198 companies by number of deals.
Value over time
Valuation history
- January 2025$2.4B
- April 2025$1.4B
- July 2025$2.6B
- October 2025$7.8B
- January 2026$6.7B
- April 2026$10.9B
- July 2026$8.9B
- October 2026$5.9B
- November 2026$5.7B
Receives from
🇬🇧 Fluidstack
Google
Banche e mercatoPays to
—
Loops it is part of
No closed loop found for this company.
All TeraWulf deals
168 MW joint venture at Abernathy (Texas) between TeraWulf (51%) and Fluidstack, with about $9.5 billion of contracted revenue over 25 years.
Google guarantees $1.3 billion of Fluidstack's lease obligations in the Abernathy JV with TeraWulf.
TeraWulf closes $3.2 billion of 7.75% secured notes to build the data centers leased to Fluidstack with a Google backstop.
Fluidstack signs two ten-year AI hosting contracts at TeraWulf's Lake Mariner campus (New York), for about $3.7 billion in revenue.
Google guarantees Fluidstack's lease payments to TeraWulf: $1.8 billion initially, rising to about $3.2 billion with the CB-5 expansion, in exchange for warrants for up to about 14% of TeraWulf.
Questions and answers
Who are TeraWulf's biggest investors and payers?
Fluidstack ($13.2B), Google ($4.5B), Banche e mercato ($3.2B).
How much has TeraWulf invested or spent on AI deals?
$0M across 0 deals, the largest with —.
How much is TeraWulf worth?
Market cap: $5.7B (Nov 9, 2026).
Is TeraWulf part of a circular deal?
No closed loop found for this company.