TeraWulf, a outstanding Bitcoin miner, has secured a strategic partnership with Google as a part of its high-performance computing (HPC) co-location agreements with Fluidstack.
Based on an Aug. 14 statement, the search engine large will backstop $1.8 billion of Fluidstack’s lease obligations, offering crucial assist for project-related debt financing.
The association grants Google a warrant to accumulate roughly 41 million shares of TeraWulf frequent inventory. If exercised, this might symbolize an approximate 8% professional forma fairness stake.
This strategic assist allows TeraWulf, a number one digital infrastructure operator, to advance two 10-year HPC colocation agreements with Fluidstack.
The contracts enable TeraWulf to ship over 200 MW of crucial IT load from its Lake Mariner knowledge middle campus. The preliminary 10-year time period is valued at roughly $3.7 billion, with two five-year extension choices that would elevate complete potential income to $8.7 billion.
Notably, deployment is already underway, with about 40 MW of capability anticipated to go stay within the first half of 2026.
TeraWulf plans to carry the total 200+ MW on-line by the tip of 2026, offering substantial near-term infrastructure assist to Fluidstack and reinforcing its place as a top-tier digital infrastructure supplier.
Google’s crypto pockets coverage
This improvement comes as Google Play updated its insurance policies for crypto pockets suppliers in over 15 jurisdictions, together with the US and the European Union.
Based on the agency, crypto custodial wallet providers should be licensed and adjust to native business requirements beginning Oct. 29. US builders should register as cash companies companies or cash transmitters, whereas EU builders should register as crypto-asset service suppliers (CASPs).
The announcement had sparked vital confusion inside the group, with business stakeholders criticizing the agency’s unilateral motion.
Nevertheless, the agency has clarified that non-custodial crypto wallets stay outdoors the coverage’s scope.
Talking on this, Google Cloud’s Wealthy Widmann, head of Technique for Web3, said:
“The coverage was not meant to cowl non-custodial wallets however imprecisely used the time period “software program wallets” with out nuance which led to confusion. It’s not 2015 anymore – we’re working alongside dozens of crypto devshops and protocols to allow this ecosystem.”