#holding
đ Google Becomes Largest Shareholder in TeraWulf! đ
Big news in the crypto and AI world! Google has taken a 14% stake in $BTC miner TeraWulf, securing its position as the largest shareholder through a $3.2B backstop deal. This landmark partnership ties $BTC mining to AI infrastructure, with Fluidstack expanding at TeraWulfâs Lake Mariner campus in New York, set to open in 2026. đđť
đ Key Highlights:
⢠TeraWulfâs deal with Fluidstack is projected to generate $6.7B in revenue, potentially hitting $16B with extensions.
⢠Googleâs $3.2B guarantee backs Fluidstackâs lease, earning warrants for over 73M TeraWulf shares.
⢠TeraWulf is pivoting from Bitcoin mining to AI and high-performance computing (HPC), aligning with industry trends post-2024 Bitcoin halving.
đĄ TeraWulfâs zero-carbon infrastructure is getting a âpowerful endorsementâ from Google, signaling a shift toward stable, long-term revenue streams. VanEck predicts that redirecting just 20% of mining power to AI/HPC could add $14B in annual profits by 2027! đ