TeraWulf Secures $3.2 Billion Google Backstop for AI Data Center Expansion

TeraWulf's stock surged 4.6% as the Bitcoin miner and HPC data center firm expanded its partnership with Google. The tech giant increased its financial guarantee to $3.2 billion, building on last week's $1.8 billion commitment to support TeraWulf's AI infrastructure buildout.

The company's deal with AI cloud provider Fluidstack will deliver 200MW of compute power from its New York facility. Google receives warrants for a 14% equity stake, signaling institutional confidence in bitcoin mining's convergence with AI infrastructure demand.

Market dynamics reveal a glaring imbalance between AI computing supply and demand. TeraWulf's capital-intensive expansion mirrors industry trends, though profitability remains elusive for most operators. The stock's volatility reflects both the sector's potential and its dependence on continued AI adoption.