Google Joins Forces with TeraWulf in Massive $3B Fundraising Drive
With assistance from tech behemoth Google, cryptocurrency mining company TeraWulf is apparently seeking about $3 billion through Morgan Stanley to construct data centers. The expansion of its data centers will be financed by the TeraWulf fundraising round. In an interview with Bloomberg on Thursday, Patrick Fleury, the company’s finance leader, stated that Google supports this structure.
Google Invests Billions as TeraWulf Expands Crypto-to-AI Infrastructure
The deal might debut on the markets for leveraged loans or high-yield bonds as early as October. Google has committed an extra $1.4 billion to assist the loan financing, for a total of $3.2 billion. Credit rating agencies may award the Morgan Stanley transaction a higher grade as a result of the Google support. The terms of the contract are still being negotiated, though, and Bloomberg stated that there is no assurance that a deal will be signed.
TeraWulf and Fluidstack, a provider of AI technology, announced a ten-year colocation lease agreement in August. Google, which acquired a 14% share in TeraWulf, also supported the purchase, which had a contract revenue value of $3.7 billion. Google has already invested $3.2 billion in both agreements, demonstrating a significant long-term commitment to the conversion of crypto-to-AI infrastructure.
TeraWulf Stock Soars 94% in 2025 Despite After-Hours Pullback
Google Finance reports that TeraWulf stock (WULF) surged 12% on Thursday, reaching an intraday high of $11.72 before retreating to finish the day down 3.7% at $10.97 in after-hours trading. Following the first statement in August, the company’s shares jumped 80% in the days that followed. Since the start of 2025, TeraWulf’s share price has increased 94%, indicating a strong year.
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