Capital for AI

To free capital for further AI‑infrastructure projects, TeraWulf sold its 50.1 % stake in the Abernathy Joint Venture to a Fluidstack‑led investor group. The sale, completed in staged installments, valued the stake at approximately $530 million, exceeding the original $450 million investment and generating a profit. The proceeds are earmarked for deployment into new data‑center developments, with Citi analysts projecting a pipeline of 1.8 GW to 3 GW of core IT load capacity by 2030, including the Lake Mariner developments slated for year‑end completion.