Google’s $3.7B AI Deal Takes 8% of TeraWulf — Positive but Cautious

I note that Google secured an 8% stake in Bitcoin miner TeraWulf as part of a $3.7 billion AI hosting agreement. This ties a major cloud/AI player directly to mining infrastructure and signals commercial validation for energy-heavy crypto operations.

I view the deal as a net positive for TeraWulf’s liquidity and credibility: it could stabilize revenue through hosting contracts and attract additional institutional partners. However, the stake size and contract terms matter, and mining remains sensitive to electricity costs, Bitcoin prices, and regulatory pressure.