TeraWulf Soars on $3B Google-Backed Data Centre Pivot
TeraWulf (NASDAQ: WULF), the U.S.-based Bitcoin miner pivoting into artificial intelligence (AI) infrastructure, is preparing a $3 billion debt raise through Morgan Stanley, supported by tech giant Google. The financing marks a bold step in the company’s transition from a crypto-first business into a hybrid player supplying large-scale AI data
Google Backs TeraWulf with $3.2 Billion AI Infrastructure Bet
Google has taken a bold step into the Bitcoin mining world by becoming the largest shareholder of TeraWulf, a U.S.-based Bitcoin miner that is shifting its focus towards artificial intelligence (AI) and high-performance computing. The move, structured through a $3.2 billion financial backstop, highlights the growing convergence between energy-intensive Bitcoin
