Google Backs TeraWulf Shift From Bitcoin Mining To AI Data Centers
Google has significantly increased its investment in bitcoin miner TeraWulf (WULF), raising its stake to 14% and providing up to $3.2 billion in funding support. This move backs TeraWulf’s strategic shift from pure cryptocurrency mining to building low-carbon, AI-focused data centers. The partnership signals major tech companies are seeking energy-efficient partners for AI infrastructure. For investors, this reduces TeraWulf’s reliance on volatile crypto cycles but introduces new risks tied to long-term contracts and execution. The company’s valuation is increasingly viewed through the lens of a power and data center asset, rather than just a crypto proxy.
