Crypto Mining Company Terawulf has been reported to have raised approximately $ 3 billion by Morgan Stanley to produce data centers, including tech giant support.
Will be supported by Terawulf Funding Round spoke to Bloomberg on Thursday.
The deal can be launched once October at the High-Hari Bond or Leveraged Market Market. Google’s backstop promise to support debt financing is an additional $ 1.4 billion, bringing a total to $ 3.2 billion.
Google can support the Morgan Stanley transaction with a higher rating from credit rating companies. However, transaction terms are still under negotiations, and there is no guarantee that a deal will be launched, Bloomberg said.
AI Boom created a serious lack of Data Center Space.
The FluidsTack Agreement supported by Google
In August, Terawulf announced a ten-year colocation agreement with fluidstack, an AI infrastructure provider.
The deal, worth $ 3.7 billion in contract income, is also -backpped by Google, to take a 14% stake In Terawulf.
Related: Terawulf ensures $ 3.7B AI hosting deal supported by Google, sharing soar
Google has now made $ 3.2 billion in both deals, showing serious long-term investment in crypto-to-Ai infrastructure conversion.
The cointelegraph reached the terawulf for further details, but did not receive an immediate response.
Terawulf Stock Spike
Terawulf Stock (Wulf) spiking 12% on Thursday, hitting an intraday of $ 11.72 before it retreated to finish 3.7% in the day at $ 10.97 in the after-time trade, according to Google Finance.
The company’s shares grew stronger after the initial announcement in August, which jumps 80% in the days to follow. The Terawulf had a solid year with sharing prices up to 94% since the beginning of 2025.
Signs of cipher mining are similar to deal
Cipher mining announced A similar agreement on Thursday, cooperating with the same AI cloud firm FluidsTack and supported by Google, which Seized 5.4% stake In the company.
The Cipher will provide a data-center capacity for fluidstack under a colocation agreement, while Google will get an equity stake on the cipher and backstop $ 1.4 billion of obligations.
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