Terawulf’s Strategic Pivot Gains Momentum with Major Google Backing

Terawulf is positioning itself for a substantial financial move, with plans to secure $3 billion through a debt issuance backed by significant support from Google. The financing initiative, managed by Morgan Stanley, is scheduled to commence in October and is earmarked for accelerating the expansion of artificial intelligence infrastructure.

The company is undergoing a notable strategic evolution, transitioning from its core identity as a Bitcoin mining operation to becoming a dual-purpose infrastructure provider. This shift is being fueled by the forthcoming capital raise. The funds will primarily support development at the Lake Mariner Campus in New York, a facility designed to host both Bitcoin mining and advanced AI computing operations, leveraging existing zero-carbon energy sources.

Key developments in this strategic shift include:
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