Summary
- Google announced that it has increased its stake in Bitcoin mining company TeraWulf to 14%.
- As part of the AI infrastructure hosting agreement, Google will provide guarantees totaling $3.2 billion.
- In return, Google will receive warrants to purchase 32.5 million shares of TeraWulf common stock.
On the 18th (local time), according to Crypto Briefing, a media outlet specializing in virtual assets (cryptocurrencies), Google increased its stake in Bitcoin (BTC) mining company TeraWulf to 14%.
This is part of an AI infrastructure hosting agreement signed between TeraWulf and the AI cloud platform Fluidstack.
As part of this agreement, Google is providing guarantees totaling $3.2 billion and, in return, will obtain warrants that allow it to purchase 32.5 million shares of TeraWulf common stock.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
