Mining operations with load-balancing systems can adjust power consumption according to energy demand. In our operations, for example, when renewable energy production exceeds demand, our operations can absorb the excess. When the grid needs relief, we can scale down. This flexibility stems from a fundamental difference in how mining operations approach computing.

The partnership wave is gaining momentum. CoreWeave’s $9 billion acquisition of Core Scientific, a Bitcoin miner, signals mainstream recognition that mining infrastructure can offer a path to gaining AI-ready capacity. Rather than spending years building new facilities, AI companies can use existing infrastructure immediately.

The approach taken by TeraWulf, which secured a $3.7 billion, 10-year colocation deal with AI infrastructure provider Fluidstack, backed by Google. Under this agreement, TeraWulf will expand its data center capacity by more than 200 megawatts of IT load at its Lake Mariner facility in New York, enabling highly efficient, dual-use infrastructure that flexibly supports both AI workloads and Bitcoin mining as needed.