Google offers $1.8B in guarantees and secures 8% TeraWulf equity
Marks a major shift from Bitcoin mining to AI services
TeraWulf, a prominent Bitcoin mining firm, is stepping into the AI sector in a major way. The company has inked two long-term hosting agreements with AI cloud platform Fluidstack. These agreements span 10 years and cover more than 200 megawatts of AI infrastructure, with the total value estimated at around $3.7 billion.
This move marks a strategic shift for TeraWulf as it diversifies its operations beyond crypto mining. With rising global demand for AI computing power, the company is positioning itself to serve a fast-growing market segment.
Google’s Backing Adds Credibility and Capital
A key part of the deal is the involvement of tech giant Google. Google is backing the agreements with guarantees worth up to $1.8 billion. In exchange, Google will receive roughly 8% equity in TeraWulf, making this a powerful endorsement of the company’s shift toward AI.
This partnership not only provides financial security to Fluidstack and TeraWulf but also signals Google’s confidence in the future of decentralized and sustainable AI infrastructure.
Why It Matters for Crypto and AI Sectors
The TeraWulf–Fluidstack–Google collaboration highlights the blurring lines between the crypto and AI sectors. Mining firms like TeraWulf already have the infrastructure—powerful GPUs and massive data centers—making them ideal partners for AI workloads.
For the crypto world, it’s a sign of evolving business models. And for the AI industry, it’s a path to rapidly scaling infrastructure using existing mining assets.
This trend is likely to continue as more blockchain companies explore ways to leverage their tech for the booming AI market.
