#Google Becomes Top #TeraWulf Shareholder


Google has become the largest shareholder of $BTC miner TeraWulf, holding 14% of shares after increasing its backstop in a lease deal between the #miner and AI infrastructure provider Fluidstack. The tech giant now holds over 73 million shares through warrant agreements.


Google's $3.2 billion financial backstop supports Fluidstack's long-term lease commitments at TeraWulf's Lake Mariner data center campus in New York. The backstop acts as a safety net if the AI company cannot meet its financial obligations.


TeraWulf announced Monday that Fluidstack exercised an option to expand with a new purpose-built data center, due to start operations in the second half of 2026. The partnership represents a strategic shift from pure $BTC mining to AI and high-powered computing hosting.


TeraWulf's stock surged 17% to $10.57 but settled at $9.38 by session close. The company has gained over 72% since first announcing the Fluidstack agreement on Thursday. Chief strategy officer Kerri Langlais called Google's investment "powerful validation" from a leading tech giant for their zero-carbon #infrastructure.

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August 19, 2025 at 11:32 AM
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