Leading bitcoin $115,054.16 miner Terawulf His shares rose by 5 percent on Monday. On the rise, the search engine giant Google’s share of the Alphabet will increase its share in the company to 14 percent and the campus expansion in the west of New York will provide collateral up to $ 3.2 billion while carrying out the debt financing. Google In exchange for more than 73 million shares will receive warrant. The regulation was announced for the first time in the second quarter results announced last week.
Details of 3.2 billion dollars of collateral
Terawulf, after the results, Google’s interviews were initially understood with a guarantee of 1.8 billion dollars and 8 percent, and on Monday, the figure rose to $ 3.2 billion reported. The reason for the increase was the decision of Fluidstack, the artificial intelligence cloud provider with a 10 -year agreement with Terawulf, to enlarge the rent area. CEO Paul PragerGoogle’s support, “an extraordinary vote of trust from one of the most influential players in artificial intelligence,” he evaluated.
The company also announced the export of $ 400 million on Monday within the scope of the project, which will carry the lacquer mariner facility in the west of New York among the largest of the country. The plan aims to expand the capacity of the facility with debt finance and to increase financial flexibility thanks to Google’s collateral and warrant structure.
Transition from mining to artificial intelligence
Terawulf, Bitcoin miningIn addition, he joins the companies that offer artificial intelligence infrastructure. Analysts predict that the Data Center market can be doubled compared to 2024 to reach approximately $ 585 billion in 2032. TD Cowen Analyst Mike EliasIn July, in the US note in the US hyper -scale data center leases, the line of historically the greatest level, he wrote.
Needham Analyst John Tararo On Monday, the target price for Terawulf increased from $ 6 to $ 11. In the note, it was emphasized that the company is one of the most suitable players to transform the mining capacity of the mining capacity into artificial intelligence calculation. However, Google’s high share and convertible debt -based dilution effect should be cautiously approached despite the arrangement of “Capped Call”.
The share made more than 86 percent premiums in the last five days. Terawulf was opened to the public in 2021, known for the support of Gwyneth Paltrow and Mindy Kaling. The aim of feeding the company’s operations with sustainable energy attracted attention, but these efforts were occasionally the subject of discussion.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
