Google’s New Love Affair: TeraWulf Gets a 14% Stake and a Whole Lotta Drama!

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So, guess what? Google just decided to play the stock market like it’s Monopoly and became the biggest shareholder of TeraWulf with a whopping 14% stake! 🎉 They got more shares in exchange for being the financial superhero in a lease deal between TeraWulf, the Bitcoin miner, and Fluidstack, the AI infrastructure provider. Because who doesn’t want to be the largest shareholder in a company that sounds like it’s straight out of a sci-fi movie?

During a shareholder call that was probably more exciting than watching paint dry, TeraWulf announced they signed a 10-year colocation lease with Fluidstack. And guess who’s backing this lease? Yep, our favorite tech giant, Google! They’re throwing around a financial guarantee like it’s confetti at a New Year’s Eve party, and in return, they get warrants to buy shares. Talk about a win-win! 💰

Kerri Langlais, TeraWulf’s chief strategy officer (and probably the only person who can make “financial backstop” sound sexy), told CryptoMoon that Google’s backstop has ballooned to $3.2 billion. That’s right, folks, $3.2 billion for the chance to buy over 73 million shares. I mean, who needs a savings account when you can just backstop your way to the top?

Langlais went on to say that Google’s new equity makes them TeraWulf’s largest shareholder, which is like getting a gold star from your teacher but with a lot more zeros. She highlighted that this is a “powerful validation” from one of the world’s tech titans. Because nothing says “we’re legit” like having Google in your corner, right?

Google’s Backstop: The Safety Net We All Wish We Had

In a statement that probably made investors do a happy dance, TeraWulf announced that Fluidstack is expanding at their Lake Mariner data center in New York. They’re building a new data center that’s set to open in 2026. Because why not? Let’s just keep building things until we run out of land! 🏗️

Langlais reassured everyone that Google’s financial backstop is there to support Fluidstack’s long-term lease commitments. If Fluidstack can’t pay up, Google swoops in like a financial superhero with their $3.2 billion. But don’t get too excited; this isn’t a guarantee for TeraWulf’s corporate debt. Sorry, folks, no free money here! 🙅‍♀️

“The backstop is tied exclusively to contracted AI and high-powered computing lease revenues and is unrelated to our Bitcoin mining operations.”

TeraWulf: The Bitcoin Miner with Big Plans

As Bitcoin miners scramble to diversify their income streams like they’re at a buffet, TeraWulf is planning to keep its Bitcoin mining platform at Lake Mariner but not expand it. They’re focusing on “execution” – which sounds fancy but basically means they’re just trying to keep the lights on and the cash flowing. 💡

“In the near term, mining generates cash flow and provides a valuable resource to the electrical grid, as its flexible load can be rapidly adjusted to support stability and reliability.”

But wait, there’s more! TeraWulf sees “greater value” in transitioning their energy capacity to AI and HPC workloads. Because who wouldn’t want to ride the AI wave to success? 🌊

According to asset manager VanEck, if Bitcoin mining companies shift 20% of their energy capacity to AI and HPC by 2027, they could rake in an extra $13.9 billion over 13 years. That’s a lot of Bitcoin! 💸

TeraWulf is projecting its deal with Fluidstack to generate a jaw-dropping $6.7 billion in revenue, potentially reaching $16 billion if they play their cards right. Talk about a financial glow-up!

TeraWulf Stock: The Rollercoaster Ride

In the latest trading session, TeraWulf’s stock (WULF) took a wild ride, rallying to $10.57, which is a 17% increase from the previous close. But hold onto your hats, folks, because by the end of the session, it settled at $9.38 and lost another 1.28% after the bell. It’s like watching a soap opera, but with more numbers! 📉

Since TeraWulf announced its deal with Fluidstack, its stock price has skyrocketed by over 72% in just five days. So, if you invested, congratulations! You’re probably feeling like a financial genius right about now. 🎊

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2025-08-19 06:48