TeraWulf secures Google backing for its Lake Mariner data center campus

Google is guaranteeing approximately $3.2 billion in Fluidstack lease obligations at the former Bitcoin miner's New York site and taking warrants for about 14% of the company TeraWulf, the Nasdaq-listed company (WULF) better known for mining Bitcoin , now has Google standing behind its biggest AI bet. Google has put up a backstop guarantee totaling approximately $3.2 billion for Fluidstack’s long-term lease obligations at TeraWulf’s Lake Mariner campus in Somerset, New York. Google is also taking a piece of the company. It has acquired warrants that give it about 14% equity ownership in TeraWulf, roughly 73.5 million shares. Google is not the tenant here. Fluidstack is the one leasing the space, and Google is guaranteeing that Fluidstack will meet those lease obligations.

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