Google-Linked Crypto Miner Plans $3 Billion Debt for Data Center

Google-Linked Crypto Miner TeraWulf Inc. Plans $3 Billion Debt for Data Center Expansion TeraWulf Inc., a crypto mining company with ties to Google, plans to raise around $3 billion to fund the expansion of its data centers. According to Patrick Fleury, the company's finance chief, this funding will be secured through a structure supported by Google. The move aims to bolster TeraWulf's data center infrastructure, which is central to its cryptocurrency mining operations. By raising the substantial debt financing, the company seeks to scale its mining capabilities and capitalize on the growing demand for digital currencies. The announcement highlights the continued involvement of tech giants like Google in the cryptocurrency sector, as they provide support and infrastructure to the industry's key players. This partnership between a major technology company and a crypto miner underscores the evolving relationship between traditional tech and the emerging cryptocurrency landscape.