TeraWulf Inc. is seeking $3 billion in debt financing to expand its data center infrastructure, with $1.4 billion in backstop support from Google. This strategic move, facilitated by Morgan Stanley, marks a significant shift from Bitcoin mining to AI-focused operations. The initiative highlights a growing trend of diversification among cryptocurrency firms as they explore opportunities in artificial intelligence.
TeraWulf Pursues $3 Billion for AI Data Center Expansion with Google Support
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