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The Marked Chart Wire · Business
AI Data Centers
Google is said to be weighing a purchase of equity in Terawulf's AI facility should Anthropic fail to honor its rental agreement.
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HotAI Data Centers
Google will backstop a 20-year contract worth $19 billion for 401 MW of computing power at TeraWulf's site. The agreement allows Google to take over the facility or buy a stake in a subsidiary if Anthropic fails to pay.
AI Data Centers
Fluor agreed to build three AI data center buildings for TeraWulf in Kentucky. The contract includes provisions for cost overruns, with pricing for the first two structures still being finalized.
AI Infrastructure
TeraWulf obtained credit support from Google to finance $19 billion in lease commitments and signed a construction deal with Fluor. The project involves three buildings in Kentucky with phased completions expected between late 2027 and mid-2028.
HotIren
Iren Limited posted $228 million in total revenue, up 66 percent, with AI cloud sales reaching $200 million. The company's net loss narrowed to $263 million as it shifts focus from Bitcoin mining to AI infrastructure.
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Sony reported second-quarter revenue of $21.75 billion, exceeding expectations, and raised its full-year sales guidance to $82.44 billion. Earnings per share came in at $0.49, well above the $0.39 forecast.
DraftKings Earnings
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