Google has announced a $5 billion credit support initiative aimed at assisting Bitcoin miners, including Cipher and IREN, in transitioning their operations towards AI infrastructure. This support primarily involves financial guarantees for data center leases rather than direct investments. Additionally, Google holds equity warrants in several mining companies, including a 14% stake in TeraWulf and 5.4% in Cipher. This strategic move is expected to bolster infrastructure transitions, potentially impacting altcoins as the industry adapts to new technological demands.
Google Extends $5 Billion Credit Support to Bitcoin Miners for AI Transition
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