Bitcoin News Today: Google Invests $1.8 Billion in TeraWulf AI Project, Secures 8% Stake

Google has entered a landmark partnership with TeraWulf, a major Bitcoin miner, to support the latter’s $1.8 billion artificial intelligence infrastructure project. The agreement, announced in August 2025, involves Google backing Fluidstack’s lease obligations and providing critical financing for the project while also securing a warrant to purchase up to 41 million shares of TeraWulf, representing an approximate 8% equity stake [1]. This strategic move allows TeraWulf to execute two 10-year high-performance computing (HPC) colocation agreements with Fluidstack, with the initial term valued at $3.7 billion and potential total revenue reaching $8.7 billion if extended [2].

Under the terms of the deal, TeraWulf will provide over 200 MW of IT load from its Lake Mariner data center campus, which is being repurposed from its original use as a Bitcoin mining facility. Deployment is already underway, with 40 MW expected to become operational in the first half of 2026, and the full 200+ MW projected to be online by year-end [3]. This transition from Bitcoin mining to AI infrastructure underscores TeraWulf’s strategic pivot in response to the growing demand for HPC resources in the AI sector.

The financial backing from Google is a significant vote of confidence in TeraWulf’s long-term vision and infrastructure capabilities. Analysts have noted that the $1.8 billion backstop not only strengthens TeraWulf’s balance sheet but also aligns with broader industry trends of tech giants investing in next-generation computing infrastructure [4]. The potential for Google to increase its ownership through the warrant structure further signals a high level of commitment to the project’s success [5].

The market has responded positively to the news, with TeraWulf’s shares surging by as much as 35% in early trading following the announcement, and continuing to rise by approximately 22% in the following days [6]. This reaction highlights the market’s perception of the strategic value of the deal, especially given the broader context of a flash crash in Bitcoin prices around the same time [7]. The move positions TeraWulf as a key player in the digital infrastructure space, straddling both cryptocurrency and AI sectors.

The collaboration reflects a broader trend of traditional and emerging tech firms diversifying into high-impact, high-growth areas such as AI and blockchain infrastructure. With Google’s involvement, TeraWulf is now poised to leverage its existing assets and infrastructure to serve a new, expanding market. The Lake Mariner campus, once dedicated to Bitcoin mining, is now set to support the computational demands of AI development, a shift that could redefine the company’s long-term trajectory.

This development has attracted widespread attention from financial and crypto news outlets, with reports emphasizing both the scale of the deal and its implications for TeraWulf’s future [1][4][5]. As AI adoption accelerates globally, TeraWulf’s strategic alignment with Fluidstack and Google is a strong indication of the infrastructure needs driving the sector forward.

Source:

[1] Google Backs TeraWulf’s $1.8 Billion AI Project, Secures 8% Stake (https://www.analyticsinsight.net/news/crypto-news-today-coinbase-acquires-deribit-google-invests-in-terawulf-bitcoin-plummets)

[2] Google secures option for 8% stake in Bitcoin miner TeraWulf via $1.8B backstop deal (https://www.advfn.com/stock-market/COIN/BTCUSD/crypto-news/96639579/morph-unveils-new-product-roadmap-and-launches-mor)

[3] TeraWulf (NASDAQ:WULF) shares rocketed 35% during early trading (https://seekingalpha.com/news/4485358-terawulf-surges-35-as-google-takes-8-stake-in-crypto-miner)

[4] TeraWulf stock goes wild, up 22% as Fluidstack deal now sees Google join the ride (https://m.economictimes.com/news/international/us/terawulf-stock-goes-wild-up-22-as-fluidstack-deal-now-sees-google-join-the-ride-with-8-stake-and-1-8b-backstop/articleshow/123306186.cms)

[5] TeraWulf jumps 22% on USD3.7B AI hosting deal with Google taking 8% stake (https://www.coindesk.com/markets/2025/08/14/terawulf-jumps-22-on-usd3-7b-ai-hosting-deal-with-google-taking-8-stake)

[6] The biggest stock movers Thursday: COHR, WB, WULF, TPR, and more (https://seekingalpha.com/news/4485160-biggest-stock-movers-thursday-cohr-rrgb-and-more)

[7] Google backs Bitcoin miner TeraWulf’s $1.8B AI project (https://cryptoslate.com/bitcoin-flash-crash-to-118k-triggers-577m-liquidation-in-1-hour/)