Another cryptocurrency miner transforms into AI, and TeraWulf rises over 26% after Google acquires shares

TeraWulf's stock price rose over 26% due to Google's acquisition of an 8% stake. The company has transitioned from traditional cryptocurrency mining to providing high-performance computing and artificial intelligence infrastructure services, similar to CoreWeave. TeraWulf has signed two ten-year agreements with Fluidstack to provide over 200 megawatts of computing clusters for large cloud service providers, with a total contract value of up to $8.7 billion. Google will invest $1.8 billion to support project construction and will receive approximately 41 million warrants. The CEO stated that this deal accelerates the company's expansion into the high-performance computing sector