Blockchain
TeraWulf Bitcoin Miner: Google Takes 14% Stake via Fluidstack partnership
TeraWulf is a front runner in the Bitcoin mining space following significant news announcements in August that Google is taking an 8% stake in the company through a partnership with European-based neocloud company Fluidstack. The announcement in mid-August was initially for 200 MW over a 10-year period, for $3.7 billion in contracted revenues with a potential to reach $8.7 billion through lease extensions. Of this, Google backstopped $1.8 billion by taking an 8% stake in TeraWulf. Days later, it was announced that Fluidstack was increasing its lease option for $6.7B in contracted revenue with a potential of up to $16B in lease obligations. Google also stepped to backstop $3.2 billion for an equity stake worth 14%.
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