Bitcoin Miner Terawulf to Deliver 70 MW Data Center Infrastructure for AI Expansion
Terawulf partners with G42’s Core42 to deliver 70 MW zero-carbon data center infrastructure for AI, marking a pivotal step into high-performance computing.
Terawulf Secures AI Data Center Deal with G42’s Core42
Bitcoin miner and digital infrastructure provider Terawulf Inc. (Nasdaq: WULF) has announced agreements to deliver over 70 megawatts (MW) of cutting-edge data center infrastructure for Core42, a subsidiary of G42, specializing in artificial intelligence (AI) and cloud services.
This partnership is set to redefine Terawulf's role in the evolving AI-driven high-performance computing (HPC) space while maintaining its focus on sustainable bitcoin mining.
The Lake Mariner Facility: Core of the Partnership
Customizing for Advanced AI Needs
Terawulf will modify its Lake Mariner facility in Upstate New York to accommodate Core42's GPU clusters, featuring Dell’s liquid-cooled PowerEdge XE9680L servers.
- The rollout will occur in phases between Q1 and Q3 of 2025.
Sustainability at the Forefront
Leveraging zero-carbon energy, Terawulf aims to deliver scalable infrastructure that aligns with sustainability goals while catering to emerging computational demands.
Strategic Implications for Terawulf
Diversifying Revenue Streams
Terawulf CEO Paul Prager emphasized this agreement as a step toward:
- Diversifying revenues beyond bitcoin mining.
- Tapping into the booming demand for AI infrastructure.
Potential for Expansion
The partnership includes provisions for expanding the infrastructure by up to an additional 135 MW, highlighting its long-term growth potential.
Core42’s Vision
Core42 Chief Growth Officer Edmondo Orlotti praised the Lake Mariner facility’s zero-carbon energy capabilities, identifying them as pivotal to the deal. This collaboration aligns with Core42’s commitment to building sustainable and scalable AI solutions.
Industry Impact
Advisory Team
The deal was facilitated with advisory support from JP Morgan, Morgan Stanley, and Milbank LLP, underscoring its strategic importance.
Blending Mining with AI Hosting
By combining its expertise in bitcoin mining and sustainable infrastructure with the AI-focused requirements of Core42, Terawulf sets a precedent for future collaborations between crypto mining and AI sectors.
Looking Ahead
As the demand for scalable AI infrastructure continues to grow, Terawulf’s partnership with Core42 positions the company at the forefront of integrating sustainability, HPC hosting, and crypto mining. The industry will watch closely to see how this collaboration evolves, particularly as the infrastructure comes online throughout 2025.
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