Reported 1 day ago
TeraWulf, a Bitcoin mining and HPC firm, announced on August 18, 2025, that Google has increased its stake to 14% by investing approximately $3.2 billion for 32.5 million shares. This news led to a 12% surge in TeraWulf's stock price. Google’s commitment will support the expansion of TeraWulf’s data center capabilities in New York, further solidifying their partnership in developing AI infrastructure. Despite a revenue increase of 34% in Q2 2025, TeraWulf's adjusted EBITDA fell by 25% year-over-year.
Source: YAHOO