TeraWulf secures Google backing for its Lake Mariner data center campus

Google is guaranteeing approximately $3.2 billion in Fluidstack lease obligations at the former Bitcoin miner's New York site and taking warrants for about 14% of the company TeraWulf, the Nasdaq-listed company (WULF) better known for mining Bitcoin , now has Google standing behind its biggest AI bet. Google has put up a backstop guarantee totaling approximately $3.2 billion for Fluidstack’s long-term lease obligations at TeraWulf’s Lake Mariner campus in Somerset, New York. Google is also taking a piece of the company. It has acquired warrants that give it about 14% equity ownership in TeraWulf, roughly 73.5 million shares.

Source: Crypto Briefing