Bitcoin miner TeraWulf’s inventory jumped greater than 72% final week after Google elevated its stake within the firm for its knowledge heart enlargement. TeraWulf secured funding from AI cloud platform Fluidstack to construct its new CB-5 knowledge heart earlier.
The transfer underscores a rising development of tech giants and cryptocurrency corporations repurposing idle mining capability for the AI trade.
Google Boosts Stake, Inventory Jumps
Shares of TeraWulf rallied over 12% Monday after Google dedicated further monetary assist, rising its stake from 8% to 14%. The deal provides Google warrants to buy 32.5 million shares, offering as much as $1.4 billion in new backstop funding for project-related debt. Together with prior commitments, Google’s complete stake and assist now attain $3.2 billion.
This incremental backstop helps TeraWulf safe project-related debt financing for the CB-5 knowledge heart and strengthens investor confidence within the firm’s enlargement plans. By receiving warrants, Google beneficial properties the appropriate to buy further shares at predetermined costs, doubtlessly benefiting from future inventory appreciation.
TeraWulf CEO Paul Prager described the settlement as strengthening the corporate’s “strategic alignment with Google” to construct next-generation AI infrastructure.
He emphasised that combining robust vitality assets and operational experience positions Lake Mariner as a key web site for AI and crypto operations.
During the last week, TeraWulf’s shares elevated roughly 90%, reflecting investor optimism over these developments.
“It is a sport changer within the trade.”
– $WULF CEO @PaulBPragerYou probably have the vitality infrastructure, the appropriate administration group, and the appropriate folks on the bottom, that is the time and Lake Mariner is the place for #AI & #HPC
@CNBC @PowerLunch @SullyCNBC pic.twitter.com/WjDvxJZyjF
— TeraWulf (@TeraWulfInc) August 15, 2025
Fluidstack Partnership Expands Information Heart Capability
Final week, TeraWulf signed two ten-year agreements with AI cloud supplier Fluidstack, offering over 200 megawatts at Lake Mariner. Fluidstack additionally exercised an possibility for an additional 160 megawatts, bringing the full contracted IT load to roughly 360 MW.
TeraWulf’s mission operations on the new CB-5 facility will start within the second half of 2026.
TeraWulf CTO Nazar Khan highlighted that Fluidstack’s early enlargement underscores the infrastructure’s reliability, scalability, and readiness. The agreements may generate $6.7 billion in contracted income and doubtlessly attain $16 billion by lease extensions, signaling a serious progress alternative past conventional bitcoin mining.
Whereas the pivot to AI infrastructure gives important alternatives, trade analysts warning that the transition is difficult. It requires completely different infrastructure and varied technological changes.
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