One of the giants of artificial intelligence has just cut a new deal with a publicly traded Bitcoin miner.

‍What’s happening:‍

• TeraWulf (NASDAQ: WULF) has announced a new deal with Core42 for a long term lease for artificial intelligence computing
  

Why it matters:‍

• Core42 is a subsidiary of Abu Dhabi based G42, which has struck multiple notable partnerships focused on artificial intelligence with companies such as Microsoft (NASDAQ: MSFT), OpenAI and Nvidia (NASDAQ: NVDA)
  
• This is the first major deal for high performance computing that TeraWulf has landed since expanding their data centres into high performance computing
  

By the numbers:‍

• TeraWulf will provide 70megawatts of power capacity to Core42 at their Lake Mariner data centre located in the state of New York
  
• The new deal also has the potential to eventually be expanded to 135 megawatts of total power capacity
  

Going deeper:‍

• Bitcoin miners cutting large deals around high performance computing has been a consistent trend, with Core Scientific (NASDAQ: CORZ) and CoreWeave just recently breaking ground on their new data centre project in Oklahoma and Galaxy Digital (TSX: GLXY) also raising hundreds of millions of dollars in a debt financing to expand their Texas based data centre Helios into artificial intelligence computing

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