Google invests $1.4 billion to expand Terawulf data center, with ownership potentially rising to 14% after exercising options
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Google has agreed to provide $1.4 billion in funding to support Terawulf's data center expansion project in Lake Mariner, New York. If exercised, Google's stake in Terawulf will increase to approximately 14%. Following this news, Terawulf's stock price rose 11% in pre-market trading. Additionally, Google will provide a total of $3.2 billion in financial guarantees for the project and will receive warrants to purchase 32.5 million shares of Terawulf common stock. The new CB-5 data center is expected to be operational in the second half of 2026
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