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🚀 TeraWulf Soars 22% After Landing $3.7B AI Hosting Megadeal—Google Snags 8% Stake

🚀 TeraWulf Soars 22% After Landing $3.7B AI Hosting Megadeal—Google Snags 8% Stake

Author:
Coindesk
Published:
2025-08-14 11:50:22
11
3

TeraWulf Jumps 22% on $3.7B AI Hosting Deal, With Google Taking 8% Stake

Wall Street’s latest darling? A crypto miner turned AI landlord. TeraWulf just inked a $3.7 billion AI infrastructure deal—and Google’s buying in big.

The backstory: Once known for minting Bitcoin, TeraWulf’s pivot to AI hosting sent shares rocketing. The 22% surge smells like 2021 crypto mania—but this time, it’s corporate dollars fueling the hype.

Why Google cares: That 8% stake isn’t charity. It’s a cheap ticket to GPU heaven as AI demand outstrips supply. Smart move—or desperate land grab before the next chip shortage?

The cynical take: Nothing solves a crypto miner’s energy guilt like becoming Big Tech’s power-hungry sidepiece. At least the margins beat begging for ETF approvals.

|Square

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