TeraWulf Targets $3 Billion Capital Raise to Boost AI Data Center Capacity with Google’s Strategic Support

TeraWulf is preparing to secure around $3 billion through debt financing to expand its data centers, backed significantly by Google. This funding aims to meet the soaring demand for AI infrastructure amid global shortages in data center resources. Google’s increased financial commitment reflects growing collaboration with crypto mining firms transitioning toward AI computing. The move marks one of the largest debt raises by a crypto mining company pivoting to support AI development, underlining Google's strategic role in expanding AI-related data center capabilities. Continue to read TeraWulf Targets $3 Billion Capital Raise to Boost AI Data Center Capacity with Google’s Strategic Support