TeraWulf (WULF) has announced an ambitious new target of securing 250-500 megawatts (MW) in high-performance computing (HPC) signings annually, significantly increasing from its previous goal of 100-150 MW. The company also reaffirmed its commitment to Bitcoin mining operations through at least the end of 2026. In the third quarter of 2025, TeraWulf reported over 520 MW in contracted HPC IT load, including a notable 360 MW lease with Fluidstack, supported by Google. Additionally, TeraWulf is co-developing a 240 MW HPC campus in Texas with Fluidstack, with plans to potentially expand this to 600 MW. The company's strategy emphasizes long-term, equity-aligned partnerships in the AI and HPC sectors, leveraging its control over land, power, and execution capabilities.