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    Home»Bitcoin»Google backs Bitcoin miner TeraWulf’s $1.8B AI project
    Bitcoin

    Google backs Bitcoin miner TeraWulf’s $1.8B AI project

    Ethan CarterBy Ethan CarterAugust 14, 2025No Comments2 Mins Read
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    Google backs Bitcoin miner TeraWulf's $1.8B AI project
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    Stake

    TeraWulf, a prominent Bitcoin miner, has secured a strategic partnership with Google as part of its high-performance computing (HPC) co-location agreements with Fluidstack.

    According to an Aug. 14 statement, the search engine giant will backstop $1.8 billion of Fluidstack’s lease obligations, providing critical support for project-related debt financing.

    The arrangement grants Google a warrant to acquire roughly 41 million shares of TeraWulf common stock. If exercised, this would represent an approximate 8% pro forma equity stake.

    This strategic support enables TeraWulf, a leading digital infrastructure operator, to advance two 10-year HPC colocation agreements with Fluidstack.

    The contracts allow TeraWulf to deliver over 200 MW of critical IT load from its Lake Mariner data center campus. The initial 10-year term is valued at approximately $3.7 billion, with two five-year extension options that could raise total potential revenue to $8.7 billion.

    Notably, deployment is already underway, with about 40 MW of capacity expected to go live in the first half of 2026.

    TeraWulf plans to bring the full 200+ MW online by the end of 2026, providing substantial near-term infrastructure support to Fluidstack and reinforcing its position as a top-tier digital infrastructure provider.

    NemoNemo

    Google’s crypto wallet policy

    This development comes as Google Play updated its policies for crypto wallet providers in over 15 jurisdictions, including the US and the European Union.

    According to the firm, crypto custodial wallet providers must be licensed and comply with local industry standards starting Oct. 29. US developers must register as money services businesses or money transmitters, while EU developers must register as crypto-asset service providers (CASPs).

    The announcement had sparked significant confusion within the community, with industry stakeholders criticizing the firm’s unilateral action.

    However, the firm has clarified that non-custodial crypto wallets remain outside the policy’s scope.

    Speaking on this, Google Cloud’s Rich Widmann, head of Strategy for Web3, said:

    “The policy was not intended to cover non-custodial wallets but imprecisely used the term “software wallets” without nuance which led to confusion. It is not 2015 anymore – we are working alongside dozens of crypto devshops and protocols to enable this ecosystem.”

    Mentioned in this article
    1.8B Backs Bitcoin Google Miner project TeraWulfs
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    Ethan Carter

      Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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