So here’s a plot twist nobody saw coming: Google just backed a Bitcoin mining company with $1.8 billion. No, they didn’t suddenly become crypto bros. This is actually way smarter than it sounds.
Meet TeraWulf (WULF), a company that was basically the poster child for “Bitcoin mining is hard.” You know how Bitcoin gets “halved” every four years, cutting mining rewards in half? Yeah, that happened in April, and it’s been rough for miners. Even with Bitcoin prices doing their thing, these companies have been struggling to keep the lights on.
But here’s where it gets interesting: turns out, all that computing power that’s great for mining Bitcoin? It’s also perfect for AI. Who knew that the same machines that solve crypto puzzles could also train AI models? (Okay, probably a lot of people knew, but work with me here.)
TeraWulf just signed a deal that sounds like it came from a sci-fi movie. They’re partnering with Fluidstack for two 10-year contracts worth $3.7 billion – potentially $8.7 billion if they extend it. That’s “buy a small country” money.
Here’s the kicker: Google is backing $1.8 billion of this deal. They’re essentially saying, “We believe in this so much, we’ll guarantee half the contract.” In return, Google gets warrants to buy 41 million WULF shares – about 8% of the company. It’s like getting a VIP pass to the AI computing party.
The market went absolutely bonkers. WULF stock jumped 59.5% in one day. And honestly? It might not be done climbing.
Think about it: TeraWulf just went from “struggling Bitcoin miner” to “Google’s AI computing partner” overnight. That’s like going from selling lemonade on the corner to having Coca-Cola as your business partner. Wall Street loves a good transformation story, especially when it involves AI and has Google’s stamp of approval.
The math is pretty wild too. After the surge, TeraWulf’s market cap hit $3.41 billion – which is still less than their contract value. That’s like buying a house for less than the rent you’ll collect from it. Not a bad deal if you can swing it.
Now, is it too late to jump on this train? The author of the original analysis thinks WULF could hit $12 in the coming weeks. That’s another 20%+ from current levels. Of course, this is the stock market we’re talking about, where “sure things” have a funny way of becoming expensive lessons.
But here’s what’s really happening: we’re watching the great pivot in real-time. Bitcoin miners are becoming AI infrastructure companies, and Google just validated the entire thesis with a massive bet. Whether you’re buying WULF or just watching from the sidelines, this is one of those moments where an entire industry changes direction.
Sometimes the best investments are hiding in plain sight, disguised as yesterday’s problems becoming tomorrow’s solutions.