TeraWulf Stock Soars as Google Stake Increases to 14%
The post TeraWulf Stock Soars as Google Stake Increases to 14% appeared on BitcoinEthereumNews.com.
Bitcoin miner TeraWulf’s stock jumped more than 72% last week after Google increased its stake in the company for its data center expansion. TeraWulf secured funding from AI cloud platform Fluidstack to build its new CB-5 data center earlier. The move underscores a growing trend of tech giants and cryptocurrency firms repurposing idle mining capacity for the AI industry. Google Boosts Stake, Stock Jumps Shares of TeraWulf rallied over 12% Monday after Google committed additional financial support, increasing its stake from 8% to 14%. The deal gives Google warrants to purchase 32.5 million shares, providing up to $1.4 billion in new backstop funding for project-related debt. Including prior commitments, Google’s total stake and support now reach $3.2 billion. This incremental backstop helps TeraWulf secure project-related debt financing for the CB-5 data center and strengthens investor confidence in the company’s expansion plans. By receiving warrants, Google gains the right to purchase additional shares at predetermined prices, potentially benefiting from future stock appreciation. TeraWulf CEO Paul Prager described the agreement as strengthening the company’s “strategic alignment with Google” to build next-generation AI infrastructure. He emphasized that combining strong energy resources and operational expertise positions Lake Mariner as a key site for AI and crypto operations. Over the last week, TeraWulf’s shares increased approximately 90%, reflecting investor optimism over these developments. “This is a game changer in the industry.”– $WULF CEO @PaulBPrager If you have the energy infrastructure, the right management team, and the right people on the ground, this is the time and Lake Mariner is the place for #AI & #HPC @CNBC @PowerLunch @SullyCNBC pic.twitter.com/WjDvxJZyjF — TeraWulf (@TeraWulfInc) August 15, 2025 Fluidstack Partnership Expands Data Center Capacity Last week, TeraWulf signed two ten-year agreements with AI cloud provider Fluidstack, providing over 200 megawatts at Lake Mariner. Fluidstack also exercised an option…
Filed under: News - @ August 19, 2025 4:28 am