11:48 AM EDT, 08/14/2025 (MT Newswires) -- TeraWulf ( WULF ) shares rose over 40% in recent Thursday trading after it signed two 10-year colocation agreements with Fluidstack for more than 200 megawatts of critical IT load at its Lake Mariner data center in New York, valued at approximately $3.7 billion.

The deals include two five-year extension options that could boost total revenue to $8.7 billion, it added.

Additionally, the company has signed an 80-year ground lease with Cayuga Operating for roughly 183 acres in Lansing, New York, to expand high-performance computing and AI data center hosting.

Under this deal, Cayuga's parent company, Riesling Power, will receive $95 million in TeraWulf ( WULF ) common stock, along with $3 million in cash, the report added.

Price: 7.69, Change: +2.23, Percent Change: +40.84