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Google Invests in TeraWulf, Becoming Largest Shareholder

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by Giorgi Kostiuk

2 hours ago

Google has increased its influence in the cryptocurrency world by becoming the largest shareholder of TeraWulf with a 14% stake. This move is linked to a $3.2 billion deal with Fluidstack.

Deal Between Google and TeraWulf

Google has acquired a 14% stake in the US-based Bitcoin miner TeraWulf, making it the largest shareholder. This strategic deal involves AI partner Fluidstack and highlights the growing interest of tech giants in the cryptocurrency sectors.

Comments from TeraWulf Management

Kerri Langlais, Chief Strategy Officer of TeraWulf, stated: "This strategic agreement with Google and Fluidstack positions TeraWulf at the forefront of innovation within the crypto mining space."

Market Reaction and Future of Crypto

Following this news, TeraWulf's stock price rose by about 13%. Google's investment emphasizes the growth potential of combining AI technologies with cryptocurrency mining, which may also lead to further collaboration between tech companies and the cryptocurrency industry.

Google's acquisition of TeraWulf shares may shift digital asset strategies with a focus on AI integration, which could significantly alter the crypto industry.

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