TeraWulf Secures $3 Billion Debt Facility with Google Backing for Massive Data Center Expansion

TeraWulf just placed a $3 billion bet on Bitcoin's future—and Google's holding the chips.

The Mining Power Play

This isn't just another infrastructure project. That debt load would make most traditional financiers sweat, but TeraWulf's stacking chips while Wall Street still debates whether crypto's legitimate. Google's involvement signals something bigger—tech giants are finally putting real weight behind blockchain infrastructure.

The Infrastructure Arms Race

Data centers are becoming the new oil fields. With $3 billion in firepower, TeraWulf isn't just expanding—it's positioning to dominate North American mining capacity. They're building the picks and shovills while everyone else debates the gold rush's longevity.

Wall Street's still trying to price Bitcoin while tech builds the foundation beneath it. Some analysts will call this reckless—until the first earnings report drops.

Google backs Fluidstack deals for TeraWulf

This follows TeraWulf’s August announcement of a 10-year colocation lease with AI infrastructure provider Fluidstack, valued at $3.7 billion in contract revenue and also backed by Google. Under that deal, Google acquired a 14% stake in TeraWulf, contributing to the tech giant’s cumulative $3.2 billion commitment across both arrangements.

Cipher Mining announced a similar deal on Thursday with Fluidstack, an AI infrastructure provider, supported by Google. Google took a 5.4% stake in Cipher Mining and will back $1.4 billion of the deal’s obligations. Under the agreement, Cipher will provide data center space for Fluidstack. 

According to Google Finance, TeraWulf’s shares are currently trading at $10.97, with an increase of 93.82%.

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