- TeraWulf to raise $3B with Morgan Stanley, backed by Google
- Cipher Mining secures $1.4B with Google and Fluidstack partnership
- Google increases stake in TeraWulf to nearly 14%
Google Deepens Bet on Bitcoin Mining with Major Investments
In a major move that signals growing tech industry interest in crypto infrastructure, Google is backing a combined $4.6 billion funding effort to expand Bitcoin mining operations. According to Bloomberg, the tech giant is increasing its exposure by supporting TeraWulf and Cipher Mining—two leading players in the North American mining sector.
This marks one of the strongest endorsements of Bitcoin infrastructure from a Big Tech company to date, suggesting a shift in how mainstream firms view digital assets and the future of decentralized technologies.
TeraWulf Secures $3B with Google and Morgan Stanley
Bitcoin miner TeraWulf plans to raise around $3 billion through a financing deal arranged by Morgan Stanley, with Google stepping in as a backer. Google reportedly increased its financial backstop to $3.2 billion and raised its equity stake in TeraWulf to nearly 14%.
This move will fund the expansion of TeraWulf’s energy-efficient data centers, many of which are powered by clean or renewable sources—a key factor likely attracting Google’s involvement, aligning with its sustainability goals.
Cipher Mining Partners with Google and Fluidstack
Meanwhile, Cipher Mining has also entered a major partnership with Google and cloud computing firm Fluidstack, securing a $1.4 billion investment package. Google is not only contributing capital but also taking an equity stake in Cipher, solidifying its role in shaping next-generation Bitcoin mining infrastructure.
These strategic investments may indicate a growing trend of cloud giants integrating with decentralized compute infrastructure—a convergence of traditional cloud services and blockchain-based operations.
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