AI Fund Flows

Google ↔ TeraWulf: every deal

All 2 deals between Google and TeraWulf: $4.5B in total since Aug 14, 2025, with dates, status and sources. Updated Nov 9, 2026.

Google → TeraWulf
$4.5B
Oct 28, 2025Investmentannounced$1.3B
Google → TeraWulf · guarantee on rent, not a cash outlay

Google guarantees $1.3 billion of Fluidstack's lease obligations in the Abernathy JV with TeraWulf.

Aug 14, 2025Investmentannounced$3.2B
Google → TeraWulf · total guarantee after CB-5 expansion; warrants ~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.