TeraWulf, a leading US-based cryptocurrency and data center company, has reached a significant agreement with Core42, a subsidiary of the Abu Dhabi-based tech group G42. This ten-year data center lease at TeraWulf’s Lake Mariner campus in Upstate New York is poised to expand the computational infrastructure for Core42’s operations, focusing on artificial intelligence (AI) development. The deal will see TeraWulf delivering over 70MW of turn-key data center infrastructure tailored to support the high-performance computing (HPC) needs of Core42’s GPU clusters.
TeraWulf’s Growing Role in AI and Blockchain Infrastructure
As data centers continue to evolve to meet the demands of high-powered applications such as AI and cryptocurrency mining, TeraWulf’s role in this landscape has become increasingly pivotal. With the agreement at Lake Mariner, TeraWulf is further cementing its position in the AI market. The company’s expertise in delivering state-of-the-art infrastructure is now being applied to the needs of Core42, which is looking to expand its AI offerings in the US.
TeraWulf’s existing Bitcoin mining operations, coupled with its growing experience in hosting AI workloads, provide it with a strong foundation to attract further tenants. The lease agreement is part of TeraWulf’s strategic growth into AI, marking a major shift for the company beyond its Bitcoin-focused business model.
Lake Mariner Campus: A Hub for Next-Gen Digital Infrastructure
The Lake Mariner facility, located in the energy-rich region of Upstate New York, is already home to 185MW of data center capacity. TeraWulf’s expansion at the site continues, with plans to increase the total capacity through new builds. This includes the addition of two new data center buildings with a combined 70MW capacity planned for the near term.
The facility’s location provides access to affordable, clean energy, which is a critical component for both AI and cryptocurrency mining operations. By hosting Core42’s GPU clusters at this campus, TeraWulf is ensuring a future-proof infrastructure that supports high-density workloads and AI-driven innovation.
Core42’s Strategic Expansion into AI in North America
Core42’s collaboration with TeraWulf signals a broader trend of AI-focused infrastructure expansion. As artificial intelligence technologies continue to disrupt industries, companies like Core42 are striving to build powerful infrastructures to support complex AI workloads.
According to Edmondo Orlotti, Chief Growth Officer of Core42, “TeraWulf’s Lake Mariner facility represents an ideal match for Core42’s expanding next-generation digital infrastructure in North America.” The infrastructure at Lake Mariner will be tailored to accommodate the needs of Core42’s AI applications, specifically its GPU clusters, which will rely on advanced cooling solutions and high-performance servers for efficient processing.
Advanced Infrastructure to Support GPU Clusters and AI Workloads
The partnership with TeraWulf is grounded in cutting-edge technology that meets the performance demands of AI. TeraWulf will deliver highly specialized data halls that support Core42’s GPU clusters, leveraging integrated Dell IR5000 racks. These racks will include direct liquid-cooled Dell PowerEdge XE9680L GPU servers, designed to maximize computational efficiency and cooling performance.
The decision to incorporate direct liquid cooling reflects the growing emphasis on energy-efficient and high-performance cooling solutions in modern data centers. As AI workloads become more power-intensive, liquid cooling technologies are proving essential in mitigating heat generation while improving operational efficiency.
Phased Rollout and Future Capacity Expansion
The infrastructure at Lake Mariner will be delivered in phases between Q1 and Q3 of 2025. This gradual rollout will ensure that Core42’s infrastructure is able to scale effectively in line with the growing demand for AI computing power. Additionally, Core42 will have the option to secure an additional 135MW of capacity by early 2026, providing them with ample room to grow as their customer base expands.
In total, TeraWulf plans to develop 185MW of capacity at the Lake Mariner campus, with future expansion phases already in the pipeline. The addition of two new data center buildings with 50MW and 20MW of capacity is expected to further enhance the site’s capabilities, allowing it to accommodate a wide range of high-performance applications.
TeraWulf’s Continued Investment and Growth
TeraWulf’s strategic expansion into AI infrastructure is not just limited to the Lake Mariner facility. The company has been steadily growing its data center capacity to meet rising demand in both the AI and cryptocurrency mining sectors. With a significant $215 million raised across two funding rounds in 2022, TeraWulf has attracted key investors, including high-profile celebrities like Gwyneth Paltrow.
The company’s ability to successfully pivot from its Bitcoin mining operations into AI infrastructure reflects its adaptability and commitment to staying ahead of market trends. As more companies look to leverage AI for competitive advantage, TeraWulf’s experience and infrastructure will become a critical resource for supporting the next generation of digital services.
Frequently Asked Questions
What is the significance of the TeraWulf-Core42 agreement?
The agreement marks a ten-year commitment between TeraWulf and Core42 to develop over 70MW of AI-focused infrastructure at the Lake Mariner facility. This partnership aims to meet the growing demand for AI computing power in North America.
How will TeraWulf support Core42’s GPU clusters?
TeraWulf will provide customized data halls equipped with Dell IR5000 racks and liquid-cooled Dell PowerEdge XE9680L GPU servers to ensure optimal performance and cooling for Core42’s AI workloads.
What is the expected timeline for the Lake Mariner facility’s expansion?
The phased rollout of infrastructure at Lake Mariner will begin in Q1 2025 and conclude in Q3 2025. Core42 will also have the option to secure additional capacity by 2026.
