TeraWulf Invests in AI: Major Shift from Mining to Infrastructure

Tech giant Google has partnered with TeraWulf, a prominent Bitcoin mining firm, to provide over 200 MW of AI infrastructure. This marks a significant shift for the company as it enters the rapidly growing AI market. Google’s investment, totaling up to $1.8 billion in guarantees and securing 8% equity in TeraWulf, reinforces this move while also demonstrating its confidence in sustainable and decentralized AI solutions. The agreements, lasting 10 years, are valued at around $3.7 billion.