š August 18 | United States
The battle for Bitcoin mining dominance entered a new phase with an unexpected move: Google increased its stake in Terawulf, the fifth-largest BTC miner in the US, to 14% pro forma. This jump comes amid the mining company's aggressive plans to raise $400 million in new funding. The announcement set off alarm bells on Wall Street and in the crypto ecosystem: Is Google positioning itself as a key player in Bitcoin's infrastructure?
š The relationship between Google and Terawulf began just weeks ago, when the two companies closed a historic $3.7 billion, 10-year deal to provide computing power focused on artificial intelligence. As part of that deal, Google initially acquired an 8% stake in Terawulf, which had already boosted the miner's shares by more than 50%.
The Block revealed that Google's pro forma stake had increased to 14%, consolidating Big Tech as a strategic shareholder in the Bitcoin miner. This move not only strengthens the technological alliance, but also sends a strong message: Silicon Valley giants don't want to be left out of crypto mining, but rather integrate it into their next-generation computing operations.
The timing is no coincidence. Terawulf is preparing a mega-fundraising event of $400 million in fresh capital, aimed at accelerating the expansion of its mining capacity and optimizing its data centers. With growing competition among institutional miners and the pressure of the Bitcoin halving, the company is seeking to strengthen its position against rivals such as Marathon Digital and Riot Platforms.
The news has an impact on two fronts. First, it consolidates the narrative that Bitcoin mining is becoming a strategic sector not only for financial companies but also for tech giants who see it as a bridge to AI and energy infrastructure. Second, it puts Terawulf on the radar of institutional investors who until now have viewed mining cautiously, but who could be enticed by Google's backing.
Although the crypto market continues to experience periods of volatility, the interest of a company of Google's caliber in the mining sector marks a turning point. This is not a speculative investment: it is a long-term strategic bet on the heart of Bitcoin's infrastructure.
Topic opinion:
A historic validation of Bitcoin mining. Google increasing its stake in Terawulf is not just a financial gesture, but a strategic move that connects mining with the future of AI and energy infrastructure.
š¬ Do you think Google will become the largest institutional driver of Bitcoin mining?
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