📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Google to acquire an 8% stake in BTC mining company TerraWolf.
The Bitcoin mining company TeraWulf, listed on the NASDAQ, announced on August 14 that it has entered into two 10-year colocation agreements with AI high-performance computing provider Fluidstack.
A colocation contract refers to a service model where data center operators provide customers with space, power, and cooling systems within their facilities. The total contract value for Terawulf reaches $3.7 billion for the initial 10 years, and can scale up to $8.7 billion when including two 5-year extension options.
To support this project, IT giant Google is expected to guarantee $1.8 billion in fluid stack lease debt and acquire warrants for approximately 41 million shares, equivalent to about 8% of TerraWolf's stock. Following Google's participation, TerraWolf's stock price surged by over 60% during the day, attracting market attention.
Terawulf provides over 200 megawatts of critical IT load at its Lake Marinar Data Center in Western New York. The facility is powered by low-carbon energy from hydroelectric and nuclear sources and is specially designed for liquid-cooled AI.
The deployment schedule plans to start operations with 40 megawatts in the first phase in the first half of 2026. By the end of 2026, the full deployment of over 200 megawatts is expected to be completed, providing large-scale computing power to Fluid Stack in a short period.
The company's CEO, Paul Pleiger, stated in a declaration that this is a "turning point in providing next-generation AI infrastructure in collaboration with world-class capital and computing partners." TerraWolf had been expanding its net losses through high-performance computing investments throughout 2025, but it seems that this contract is expected to significantly strengthen its revenue base.
Bitcoin (BTC) News and Prices
Comparing Bitcoin Exchanges | Which one allows for comfortable and cost-effective trading?
a.t3-set { text-decoration: none !important; }