Darkangelscoins
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💥Google enters big into Bitcoin mining and artificial intelligence! The tech giant has just sealed a historic alliance that is the talk of the town: it will back the contract between the mining company TeraWulf and Fluidstack, the artificial intelligence platform, with USD1.8 billion. Thus, Google obtains nearly 8% of TeraWulf's shares and positions the company as the new reference among bitcoin farms and computing for AI.
Social media has been ablaze since yesterday when TeraWulf confirmed, through its official statement, that the agreement involves 200 megawatts of critical IT capacity at its Lake Mariner campus in New York. The initial contract is for 10 years and can be extended following sector expansion trends: if both five-year extensions are activated, total revenues could reach the astonishing figure of USD8.7 billion.
The impact was immediate: TeraWulf's stock price soared from USD5.50 to USD8.48 in a matter of hours, marking a 54% increase.
The company becomes a hybrid player that no longer depends solely on the price of bitcoin; it now has the backing of Google and the AI sector. In the words of Paul Prager, CEO of TeraWulf, it is a "defining moment" that unites global capital and computing power for the next generation of digital infrastructure.
#Google
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Disclaimer ⚠️
This publication was created for informational and educational purposes. It is not an investment recommendation, nor legal, tax, or financial advice. 🚫
In this community, knowledge is your best defense.
Social media has been ablaze since yesterday when TeraWulf confirmed, through its official statement, that the agreement involves 200 megawatts of critical IT capacity at its Lake Mariner campus in New York. The initial contract is for 10 years and can be extended following sector expansion trends: if both five-year extensions are activated, total revenues could reach the astonishing figure of USD8.7 billion.
The impact was immediate: TeraWulf's stock price soared from USD5.50 to USD8.48 in a matter of hours, marking a 54% increase.
The company becomes a hybrid player that no longer depends solely on the price of bitcoin; it now has the backing of Google and the AI sector. In the words of Paul Prager, CEO of TeraWulf, it is a "defining moment" that unites global capital and computing power for the next generation of digital infrastructure.
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Disclaimer ⚠️
This publication was created for informational and educational purposes. It is not an investment recommendation, nor legal, tax, or financial advice. 🚫
In this community, knowledge is your best defense.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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