🚀 TeraWulf Stock Skyrockets After Google Boosts Stake to 14% – Here’s Why It Matters

Wall Street scrambles as TeraWulf's stock surges—fueled by Google's bold 14% stake grab. The crypto-mining play just got a Big Tech endorsement, and traders are piling in like it's a free open-bar at a hedge fund conference.

The Big Tech Stamp of Approval

When Alphabet's Google takes a double-digit position, markets listen. The move signals confidence in TeraWulf's bitcoin mining infrastructure—or maybe just a hedge against their AI division's insatiable energy demands. Either way, it's bullish.

Miners Rejoice (For Now)

The Nasdaq-listed firm's shares ripped higher as the news broke, proving once again that nothing pumps a stock faster than a FAANG whale flexing its balance sheet. Just don't ask about profitability timelines—this is crypto, after all.

The Bottom Line

Another day, another corporate treasury chasing the blockchain hype cycle. At least this time they bought the pickaxes instead of the digital gold.

Google Boosts Stake, Stock Jumps

Shares of TeraWulf rallied over 12% Monday after Google committed additional financial support, increasing its stake from 8% to 14%. The deal gives Google warrants to purchase 32.5 million shares, providing up to $1.4 billion in new backstop funding for project-related debt. Including prior commitments, Google’s total stake and support now reach $3.2 billion. 

This incremental backstop helps TeraWulf secure project-related debt financing for the CB-5 data center and strengthens investor confidence in the company’s expansion plans. By receiving warrants, Google gains the right to purchase additional shares at predetermined prices, potentially benefiting from future stock appreciation.

TeraWulf CEO Paul Prager described the agreement as strengthening the company’s “strategic alignment with Google” to build next-generation AI infrastructure. 

He emphasized that combining strong energy resources and operational expertise positions Lake Mariner as a key site for AI and crypto operations. 

Over the last week, TeraWulf’s shares increased approximately 90%, reflecting investor Optimism over these developments.

"This is a game changer in the industry."
– $WULF CEO @PaulBPrager

If you have the energy infrastructure, the right management team, and the right people on the ground, this is the time and Lake Mariner is the place for #AI & #HPC@CNBC @PowerLunch @SullyCNBC pic.twitter.com/WjDvxJZyjF

Fluidstack Partnership Expands Data Center Capacity

Last week, TeraWulf signed two ten-year agreements with AI cloud provider Fluidstack, providing over 200 megawatts at Lake Mariner. Fluidstack also exercised an option for another 160 megawatts, bringing the total contracted IT load to roughly 360 MW. 

TeraWulf’s project operations at the new CB-5 facility will begin in the second half of 2026.

TeraWulf CTO Nazar Khan highlighted that Fluidstack’s early expansion underscores the infrastructure’s reliability, scalability, and readiness. The agreements could generate $6.7 billion in contracted revenue and potentially reach $16 billion through lease extensions, signaling a major growth opportunity beyond traditional Bitcoin mining.

While the pivot to AI infrastructure offers significant opportunities, industry analysts caution that the transition is challenging. It requires different infrastructure and various technological adjustments.