TeraWulf Cashes Out of 168 MW Abernathy AI Campus, Selling Its 50.1% Stake to Fluidstack and Partners for About $530MM

TeraWulf has sold its entire 50.1 percent interest in the joint venture behind a 168-megawatt AI computing campus in Abernathy, Texas, to a Fluidstack subsidiary and other unnamed buyers for roughly $530 million, booking a $95 million gain and leaving the bitcoin miner turned AI landlord with no development pipeline in the state.