NasdaqCM:WULFSoftware
Google Deepens TeraWulf Ties As Bitcoin Miner Pivots To AI Infrastructure
Google has increased its stake in TeraWulf (NasdaqCM:WULF) to 14%, taking a larger ownership position in the company.
As part of the move, Google is providing substantial backstop funding to support the expansion of TeraWulf's Lake Mariner data center.
The funding is tied to TeraWulf's shift from a pure bitcoin mining focus toward building AI focused data center infrastructure.
TeraWulf, known primarily as a bitcoin miner, is repositioning itself as a provider of power intensive...