Google acquired a 14% stake in a Bitcoin mining company.

Google, one of the world’s big tech companies, quickly exercised its right to acquire shares from the Bitcoin mining firm Terawulf and became the company’s largest shareholder.

Used his rights

As a reminder, last week the artificial intelligence infrastructure company Fluidstack and Terawulf reached an agreement regarding the rental of data centers. As a result of the agreement, the AI company Fluidstack rented a portion of the energy at Terawulf’s facility in New York. Google also acted as a guarantor in this agreement. That is, Google provided a financial guarantee to support Fluidstack’s long-term rental obligations. According to the agreement, if Fluidstack fails to make rental payments, Google will step in and provide a payment guarantee of up to $3.2 billion. Because of this role, Google was granted the right to purchase Terawulf shares at a certain price. Although this price was not disclosed, it appears that Google is exercising this right. As a result of these share purchases, Google has become the largest shareholder with a 14% stake.

It has started to be seen a lot recently

As is known, with the significant developments seen in artificial intelligence over the past year, the importance of data centers has increased dramatically. Bitcoin mining companies, which have years of experience in energy acquisition, have also caught the attention of artificial intelligence firms. Through such agreements, even if artificial intelligence companies pay a certain amount of rent, they can access the large energy resources of Bitcoin mining companies without being forced and without wasting time. This allows for the rapid fulfillment of artificial intelligence demands.

Recently, another artificial intelligence company, Coreweave, also acquired the Bitcoin mining company Core Scientific.

At Terawulf, which describes itself as a “company that mines Bitcoin with zero carbon energy,” shares had risen by more than 70% following the Google news.

The company has a facility in Pennsylvania, outside of New York, where Bitcoin mining is done using nuclear energy.

Published: August 19, 2025 10:59 Last Updated: August 19, 2025 11:06