TeraWulf Stock Surges as Google Increases Stake to 14%
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BTCCSquare news:
TeraWulf's shares rallied over 12% after Google boosted its stake from 8% to 14%, securing warrants for 32.5 million shares and providing up to $1.4 billion in additional funding. The deal strengthens TeraWulf's debt financing for its CB-5 data center and signals growing confidence in its AI and crypto infrastructure plans.
CEO Paul Prager called the agreement a "game changer," highlighting the strategic alignment with Google. The company's shares have surged nearly 90% in the past week, reflecting investor optimism over its energy resources and operational expertise in AI and cryptocurrency mining.
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