In a blockbuster move shaking up the crypto world, Google, with a $2 trillion market cap, has acquired a $530 million stake in TeraWulf, a leading Bitcoin mining and high-performance computing (HPC) company, as announced on August 18, 2025. This investment, boosting Google’s ownership to 14% from 8%, is part of a $3.2 billion deal to expand TeraWulf’s Lake Mariner data center in New York for AI and Bitcoin mining operations.
The partnership, solidified through a 10-year, $3.7 billion AI hosting contract with Fluidstack, includes Google backstopping $1.8 billion and receiving 41 million TeraWulf shares. TeraWulf’s stock surged over 59%, reflecting market excitement. While some see this as Google betting on Bitcoin’s future, others clarify it’s a strategic move for AI infrastructure, leveraging TeraWulf’s zero-carbon, 200-megawatt data centers suited for liquid-cooled AI workloads.
This aligns with a broader trend of Bitcoin miners pivoting to AI, driven by higher margins and post-halving pressures. Institutional interest in Bitcoin is soaring, with $64 billion invested in 2025 alone, five times miners’ production. Google’s entry could push Bitcoin’s price higher and cement its role in mainstream finance.
As Hong Kong and Thailand embrace crypto, Google’s investment positions it at the intersection of AI and blockchain, redefining tech’s future.