News

Jinse Finance reported that OpenAI CEO Altman stated on the social media platform "X" that there will be a live broadcast today at 10:30 AM Pacific Time (1:30 AM on October 29, Beijing Time) to answer questions. The live broadcast will discuss the new corporate structure, but will also cover our new research goals, product evolution, the latest progress in infrastructure development, the initial funding areas of the nonprofit organization, and more. This may be the most important content we have to share this year. The nonprofit organization still controls everything, and if we do our job well, it will become the most well-resourced nonprofit organization. We are excited to begin deploying capital immediately. Our Limited Liability Company (LLC) will be transformed into a Public Benefit Corporation (PBC).

ChainCatcher news, according to The Block, TeraWulf has partnered with AI cloud platform Fluidstack to build a 168 MW high-performance AI data center in Texas. The project is supported by a $1.3 billion lease from Google. TeraWulf holds a 51% stake, and the total contract value reaches $9.5 billion. The project is expected to be completed in the second half of 2026, pushing the company's total capacity beyond 510 MW. The company also disclosed that Q3 revenue increased by approximately 84% year-on-year. Stimulated by the news, the stock price rose by 25%, and has increased by more than 130% since the beginning of the year.