TeraWulf stock jumps as Google boosts stake in datacenter operator

Terawulf Stock has gathered more than 10% Google He paid his share Bitcoin Miner and data center The operator finances the expansion of the Facility.

As part of the agreement, Google will bring its sum to approximately 3.2 billion dollars and offer additional backstop up to $ 1.4 billion. Google increases its share in Terawulf from 8% to 14% and allows the company to purchase about 32.5 million shares of the company’s shares.

In a statement, CEO Paul Prager said that the agreement strengthens the company’s “strategic harmony with Google” to help create advanced artificial intelligence infrastructure.

Last weekAfter signing two 10 -year information processing agreements with the company’s AI Bulut Provider, stocks rose rapidly Fluid To offer more than 200 megawatt capacity in the lacquer mariner datacenter area in Western New York.

Last week, stocks increased by about 90%.

“A game exchange in this industry,” said Prager CNBC’s “Power Lunch” last week. “You are quality energy infrastructure and if you have a management team and people who understand how to get value for it, this is time, the Lake Mariner is a place.”

The announcement of Monday has increased its critical IT load over 360 MW, and Fluidstack offers 160 more options on Lake Mariner. Terawulf also said that the agreement is equal to $ 6.7 billion in contracted income and could reach $ 16 billion through rent extensions.

Operations are expected to begin in the second half of 2026.

“Shortly after our first agreement, the decision of expansion, the quality, preparation and scalability of our infrastructure, tells a lot about the quality, preparation and scalability of our infrastructure. He said.

Separately, Terawulf said he will present 400 million dollars In the transformable senior notes in 2031.

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