TeraWulf's stock rose over 12% amid news of Google's increased stake in the Bitcoin mining company. Google has raised its pro forma stake to 14% by providing an additional $1.4 billion to support project-related debt financing, bringing the total stake to $3.2 billion. In return, Google will receive warrants to purchase 32.5 million shares of TeraWulf. The mining firm plans to expand its operations by constructing a new data center, CB-5, in partnership with AI cloud provider Fluidstack. Recently, TeraWulf also secured two 10-year computing contracts with Fluidstack to enhance its Lake Mariner datacenter's capacity. This strategic alignment with Google is aimed at bolstering the infrastructure necessary for AI alongside Bitcoin mining. The market has reacted positively, with TeraWulf's stock experiencing a dramatic rise of nearly 86% in just a week. At the time of the report, TeraWulf's shares were trading at $10.06 each.

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