Terawulf to provide 70 MW data center for AI growth

Terawulf Inc., a Bitcoin (CRYPTO:BTC) miner and digital infrastructure provider, has secured an agreement to provide over 70 megawatts (MW) of data center infrastructure to Core42, a subsidiary of G42 focused on artificial intelligence (AI) and cloud services.

As part of the deal, Terawulf will customise its Lake Mariner facility in Upstate New York to support Core42’s GPU clusters, which will include Dell’s liquid-cooled Poweredge XE9680L servers.

The infrastructure deployment will be phased, beginning in Q1 2025 and concluding by Q3 2025, marking a significant expansion in Terawulf's capabilities.

This collaboration allows Terawulf to diversify its operations by stepping into the high-performance computing (HPC) hosting market, all while continuing its profitable Bitcoin mining activities.

A central focus of this partnership is sustainability, with Terawulf leveraging zero-carbon energy sources to align with Core42’s energy-efficient needs.

Terawulf’s CEO, Paul Prager, described this partnership as an opportunity to expand revenue streams and meet the increasing demand for scalable AI infrastructure.

CTO Nazar Khan emphasised Core42’s alignment with Terawulf’s mission to offer energy-efficient digital solutions that meet the requirements of emerging computational technologies.

Core42’s Chief Growth Officer, Edmondo Orlotti, cited the Lake Mariner facility’s zero-carbon energy capabilities as a key factor in choosing Terawulf as a partner.

The agreement includes potential future scalability, allowing Core42 to increase its operations by up to 135 additional MW as the demand for AI and cloud services grows.

By bridging blockchain technology with the growing needs of AI industries, Terawulf positions itself as a critical player in the expanding AI and cloud infrastructure ecosystem.

This deal is supported by reputable advisors, including JP Morgan, Morgan Stanley, and legal counsel from Milbank LLP, reflecting strong institutional confidence in the partnership.