Here Is Why Bitcoin Miner Terawulf’s Stock Jumped 72% In 5 Days
The post Here Is Why Bitcoin Miner Terawulf’s Stock Jumped 72% In 5 Days appeared on BitcoinEthereumNews.com. Key Insights Google took a 14% stake in Bitcoin miner Terawulf through a $3.2 Billion leaseback. Terawulf plans to shift focus from Bitcoin mining to AI and computing services. Circle and other crypto firms also gain backing from major investors. TeraWulf Inc.’s stock rose 72% in five days after Google took a 14% stake in the Bitcoin miner. The deal is tied to a $3.2 Billion lease-backstop for a new AI data center at TeraWulf’s Lake Mariner campus in New York. This deal has invariably exposed Google to the Bitcoin world as the tech giant also benefits from AI advancement. Google Deal Pushes Terawulf Shares Higher Terawulf’s shares gained 72% within five days after news that Google had become its largest shareholder. According to the company, Google now holds a 14% stake. This follows an increase in its financial backstop for a lease deal with Fluidstack, an artificial intelligence infrastructure provider. The deal involved Terawulf’s Lake Mariner data center campus in New York. Google agreed to guarantee $3.2 Billion in lease obligations on behalf of Fluidstack. In return, it received warrants to buy more than 73 million shares of Terawulf. This equity positioned Google as the biggest investor in the Bitcoin miner. Kerri Langlais, Terawulf’s chief strategy officer, explained that the arrangement provided stability for the lease agreement with Fluidstack. As disclosed, if Fluidstack could not meet its commitments, Google would cover them. However, Langlais said the guarantee was not tied to Terawulf’s corporate debt or directly to its Bitcoin mining operations. Notably, the agreement also included an expansion option. Fluidstack exercised this option to add a new purpose-built data center at the Lake Mariner site. The new facility is expected to begin operations in the second half of 2026. Bitcoin and AI Strategy to Shape Future Revenue While Terawulf…
The post Here Is Why Bitcoin Miner Terawulf’s Stock Jumped 72% In 5 Days appeared on BitcoinEthereumNews.com.
Key Insights Google took a 14% stake in Bitcoin miner Terawulf through a $3.2 Billion leaseback. Terawulf plans to shift focus from Bitcoin mining to AI and computing services. Circle and other crypto firms also gain backing from major investors. TeraWulf Inc.’s stock rose 72% in five days after Google took a 14% stake in the Bitcoin miner. The deal is tied to a $3.2 Billion lease-backstop for a new AI data center at TeraWulf’s Lake Mariner campus in New York. This deal has invariably exposed Google to the Bitcoin world as the tech giant also benefits from AI advancement. Google Deal Pushes Terawulf Shares Higher Terawulf’s shares gained 72% within five days after news that Google had become its largest shareholder. According to the company, Google now holds a 14% stake. This follows an increase in its financial backstop for a lease deal with Fluidstack, an artificial intelligence infrastructure provider. The deal involved Terawulf’s Lake Mariner data center campus in New York. Google agreed to guarantee $3.2 Billion in lease obligations on behalf of Fluidstack. In return, it received warrants to buy more than 73 million shares of Terawulf. This equity positioned Google as the biggest investor in the Bitcoin miner. Kerri Langlais, Terawulf’s chief strategy officer, explained that the arrangement provided stability for the lease agreement with Fluidstack. As disclosed, if Fluidstack could not meet its commitments, Google would cover them. However, Langlais said the guarantee was not tied to Terawulf’s corporate debt or directly to its Bitcoin mining operations. Notably, the agreement also included an expansion option. Fluidstack exercised this option to add a new purpose-built data center at the Lake Mariner site. The new facility is expected to begin operations in the second half of 2026. Bitcoin and AI Strategy to Shape Future Revenue While Terawulf…
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