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Bitcoin (BTC) Miner WULF Soars on HPC Deal
10 Articles
10 Articles
Google backs Bitcoin miner TeraWulf's $1.8B AI project – #CryptoUpdatesGNIT
TeraWulf, a prominent Bitcoin miner, has secured a strategic partnership with Google as part of its high-performance computing (HPC) co-location agreements with Fluidstack. According to an Aug. 14 statement, the search engine giant will backstop $1.8 billion of Fluidstack’s lease obligations, providing critical support for project-related debt financing. The arrangement grants Google a warrant to acquire roughly 41 million shares of TeraWulf com…
Bitcoin Miner TeraWulf Lands Google Partnership in $3.7B AI Infrastructure Deal
Bitcoin mining company TeraWulf has secured a massive AI infrastructure agreement with Google's backing, marking one of the largest crypto-to-AI pivots as miners grapple with challenging post-halving economics.The company announced 10-year colocation agreements with AI platform Fluidstack worth $3.7 billion, with potential to reach $8.7 billion through lease extensions. Google will backstop $1.8 billion of Fluidstack's obligations and receive wa…
Bitcoin Miner Signs $3.7 Billion AI Deal Backed By Google - Invest In Crypto News
TeraWulf, a Bitcoin miner, completed a deal with Fluidstack to build out its AI data center for $3.7 billion. Google will backstop $1.8 billion in exchange for ~8% ownership in TeraWulf. Over the next ten years, the firm will bring more than 200 MW online at Fluidstack’s New York data center. If this deal goes well, it may be extended to an $8.7 billion partnership. TeraWulf Pivots to AI TeraWulf is, first and foremost, a Bitcoin miner, but that…
TeraWulf announced two 10-year placement agreements with Fluidstack for $3.7 billion, with partial support from Google, which boosted its shares by more than 50% in a single day on the market. *** Two contracts with Fluidstack for USD $3.7 billion initial. Google backs up with USD $1.8 billion and acquires an 8% equity option. TeraWulf shares rise from USD $5.46 to USD $8.40. TeraWulf, a Bitcoin mining company, registered a higher than 50% incre…
Google, via Alphabet, takes 8% of TeraWulf's capital in exchange for warrants, supports $1.8 billion in rental commitments and provides debt financing for an IA hosting contract of $3.7 billion over 10 years. TeraWulf transforms a former Bitcoin mining site in New York into a high-performance infrastructure of more than 200 MW, marking a strategic shift towards the IA in the face of the decline in mining profitability. WULF's share jumped by 48%…
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