TeraWulf, Fluidstack announce successful pricing of 168MW project financing

TeraWulf (WULF) “announced the successful pricing of project-level financing for their previously disclosed 168 MW high-performance computing – HPC – joint venture at the Abernathy, Texas campus. The financing supports the development of a next-generation, liquid-cooled AI data center delivering up to 240 MW of gross power capacity (168 MW of critical IT load) under a long-term hosting structure with investment-grade credit support. The financing benefits from long-term credit enhancement provided through Fluidstack’s platform by a leading global hyperscale partner, materially strengthening the project’s credit profile and supporting efficient capital formation. Proceeds will be used to fund construction, establish required reserves, and complete delivery of the facility, which remains on track for commissioning in the second half of 2026.”