Google invested $3,2 billion in TeraWulf and acquired a 14% stake

Google’s parent company, Alphabet, increased its stake in TeraWulf to 14%, becoming the company’s largest shareholder

Google invested $3,2 billion in bitcoin miner TeraWulf and became its largest shareholder

19.08.2025 - 12:45

480

2 min

What’s new? Google, through its parent company Alphabet, has increased its investment in bitcoin miner and data center operator TeraWulf. As a result, the tech giant’s stake reached 14%, making it the company’s largest shareholder. Google’s total support for deals with Fluidstack amounted to $3,2 billion.

ARK Invest has bought $182 million worth of shares of BitMine miner

The funds will be used to purchase ETH

What are the terms of the deal? Alphabet acted as a financial guarantor for a ten-year lease agreement between TeraWulf and Fluidstack, allocating $1,8 billion and receiving 41 million shares (8% of the capital). The company later added another $1,4 billion in support and warrants for 32,5 million shares, increasing its stake to 14%.

The deal protects Fluidstack’s commitments to expand the Lake Mariner campus in New York. A new data center is planned for construction there, which will begin operations in the second half of 2026.

Source: x.com

TeraWulf noted that after the addition of the new CB-5 center, the total capacity of its data centers exceeded 360 MW. The contracts signed provide $6,7 billion in revenue with the potential to grow to $16 billion upon lease renewal.

Источник: research.investors.com

TeraWulf shares reacted sharply to the news. In two days, the stock gained 65%, and on Monday, it rose to $10,57 during trading, which is 17% higher than the previous close of $8,97. By the end of trading, the price had fallen to $9,38 and dropped another 1,28% after the close.

Author: