A headline is making waves in the crypto world as Google reportedly acquires an 8% stake in Bitcoin miner TeraWulf in a $3.7 billion deal. Many in the crypto community are claiming that Google has officially entered the Bitcoin mining space.
So, what’s the truth behind the news?
Here’s a detailed, fact-checked breakdown.
Where Did the News Come From?
On August 14, 2025, multiple well-known news outlets and many social media users reported that Google had acquired an 8% equity stake in TeraWulf, a publicly traded Bitcoin mining and digital infrastructure company.
Let’s break down exactly what happened, why it matters.
What Actually Happened?
1. The Deal’s Structure:
In an official announcement from TeraWulf, a company that signed long-term deals with Fluidstack, an AI cloud platform, to provide over 200 megawatts (MW) of computing power from its Lake Mariner data center in New York, one of the largest AI/crypto infrastructure pivots ever seen.
Google is not directly buying Bitcoin mining hardware or operating mines.
Instead, Google is providing a $1.8 billion financial backstop to help Fluidstack pay for its colocation agreements and capital needs. In exchange, Google receives warrants (rights to buy shares) for about 41 million TeraWulf shares—equaling around 8% of the company if fully exercised.
Why Is the Stake Important?
The deal instantly makes Google a top institutional player in the emerging overlap of AI computation and crypto infrastructure.
TeraWulf’s pivot reflects an industry-wide move from pure mining toward diversified high-profit workloads like AI training, which use the same power and cooling resources as crypto mining.
Summary Table: Coinpedia’s Evidence
| Claim | Coinpedia’s Evidence & Facts |
| Google acquired 8% of BTC miner TeraWulf in $ a $3.7B deal | ✅ True; via warrants, as part of a $1.8B financial backstop for AI/HPC project |
| Google paid $3.7 billion directly for the TeraWulf stake | ❌ False; this is the total project value, not the direct investment for shares |
| Deal is for Bitcoin mining expansion | ❌ False; focus is high-performance AI hosting—not expanding Bitcoin mining |
Conclusion
Google’s 8% stake in TeraWulf came not from a direct crypto buyout, but as part of a high-stakes bet on the explosive intersection of AI and digital infrastructure.
The main focus of this partnership is on high-powered AI computing and hosting, not on increasing TeraWulf’s BTC mining operations.
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