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Google has announced a significant investment in TeraWulf’s $1.8 billion AI project, further solidifying its commitment to the cryptocurrency sector. The partnership will enable TeraWulf to advance its plans for high-performance computing infrastructure for crypto mining.
As part of the agreement, Google will provide critical support by backstopping $1.8 billion in lease obligations for Fluidstack, TeraWulf’s partner in this endeavor. In exchange, Google will receive a warrant to acquire approximately 41 million shares of TeraWulf common stock, which would translate to an approximate 8% equity stake.
This strategic partnership marks another significant milestone in the rapidly evolving crypto ecosystem. The collaboration aims to support TeraWulf’s mission to deliver over 200 megawatts (MW) of critical IT load from its Lake Mariner data center campus. The project is already underway, with about 40 MW expected to go live during the first half of 2026.
Source: cryptoslate.com
