Bitcoin Miner TeraWulf Secures $3.7 Billion AI Hosting Deal Backed by Google With 8% Equity Stake
Bitcoin miner TeraWulf has secured a $3.7 billion, 10-year deal with Fluidstack to provide AI hosting using over 200 MW of its New York facilities. Google is backing the project with $1.8 billion in guarantees and could gain an 8% stake through warrants, helping fund the AI expansion.
