TeraWulf (WULF), a Nasdaq-listed cryptocurrency mining company, has seen a significant increase in its stock price following a major investment from tech giant Google. The surge came after TeraWulf announced a 10-year AI-hosting agreement with Fluidstack, a cloud platform focused on managing high-performance GPU clusters.
To support this new deal, Google has committed to a $1.8 billion backstop of Fluidstack's lease obligations. In exchange, Google will receive approximately 41 million shares of TeraWulf common stock, making it the company's largest shareholder.
The announcement on August 14th caused WULF's stock to more than double in value, jumping from $5.24 to a high of $10.54 before settling around the $8.90 mark. This development highlights TeraWulf's growing role beyond just Bitcoin mining, with CEO Paul Prager emphasizing the company's expansion into AI infrastructure powered by clean energy. As the fifth-largest Bitcoin miner globally, this partnership positions TeraWulf to be a major player in both the crypto and AI sectors.
August 2025, Cryptoniteuae