Google → TeraWulf: $3.2B investment
Google backstops TeraWulf and rises to 14%. Google guarantees Fluidstack's lease payments to TeraWulf: $1.8 billion initially, rising to about $3.2 billion with the CB-5 expansion, in exchange for warrants for up to about 14% of TeraWulf.
This deal is 2% of everything Google pays and 15% of everything TeraWulf receives in this database.
- Date
- Aug 14, 2025
- Paid by
Google- Received by
TeraWulf- Type
- Investment
- Amount
- $3.2B
- Status
- announced
- Note
- total guarantee after CB-5 expansion; warrants ~14%
Sources
Press coverage
- Aug 18, 2025 DatacenterDynamics Fluidstack to lease another 160MW of capacity from TeraWulf at New York campus, Google to increase stake in cryptominer
All deals between Google and TeraWulf
- Aug 14, 2025 Google → TeraWulf · Google backstops TeraWulf and rises to 14% $3.2B
- Oct 28, 2025 Google → TeraWulf · Google backstops Abernathy too $1.3B
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