Google Backs TeraWulf Bitcoin Data Hub: The $3B AI Bet & Unseen Risks
Digital infrastructure boom as GPU deployment expands. AI computing, blockchain innovation, green tech insights. Google's $3 Billion AI Data Center Bet on TeraWulf: Analyzing the Risks and Rewards for Crypto Investors 📌 TeraWulf's Ambitious Expansion and Google's Backing ⚖️ TeraWulf, a company initially known for Bitcoin mining, is making a significant strategic shift towards data center services. The company is reportedly securing approximately $3 billion in debt financing to fund a large-scale expansion of its facilities. Crucially, Google is deeply involved in this deal. This move signifies a major change in TeraWulf's business model, venturing beyond crypto mining to host third-party compute, particularly AI workloads. According to reports from outlets like Bloomberg , Morgan Stanley is acting as the lead arranger for this financing package, whi...