TeraWulf stock gains more than 4% as Google boosts stake in data center operator
TeraWulf stock rallied more than 4% after Google hiked its stake in the bitcoin miner and data center operator as it funds an expansion of its Lake Mariner, New York, facility. Earlier in the session, shares had jumped over 10%. As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google's stake in TeraWulf to 14% from 8% and enables the tech giant to buy about 32.5 million shares of the company's stock. TeraWulf