The post “Bitcoin Miner” TeraWulf Pivots to AI With $3.2B Google Deal appeared on BitcoinEthereumNews.com. Google boosts TeraWulf backstop to $3.2B, raising its equity stake to 14%. TeraWulf expands Lake Mariner with CB-5, adding 160 MW and $6.7B in revenue potential. Mining firms shift capacity to AI hosting after 2024 halving cuts Bitcoin rewards. TeraWulf has confirmed a major expansion of its partnership with Google, securing a massive $3.2 billion financial backstop to build out a new 160-megawatt (MW) data center at its Lake Mariner campus in New York. But if you think this is a Bitcoin story, you’re only half right. In exchange for the financial support, Google will receive warrants to purchase 32.5 million shares of TeraWulf, a deal that raises its equity stake in the company to about 14%. TeraWulf Announces Fluidstack Expansion with 160 MW CB-5 Lease at Lake Mariner 🐺@fluidstackio has exercised its option to expand at the Company’s Lake Mariner data center campus in Western New York. The expansion adds CB-5, a new purpose-built data center building providing an… — TeraWulf (@TeraWulfInc) August 18, 2025 The Big “Pivot to AI” According to TeraWulf’s Chief Strategy Officer, Kerri Langlais, this blockbuster deal is specifically for contracted artificial intelligence (AI) and high-performance computing (HPC) workloads; it does not apply to the company’s Bitcoin mining operations. Related: HIVE and TeraWulf: Efficiency Key for Bitcoin Miners Post-Halving This move shows a broader shift happening across the entire mining sector. Following the April 2024 Bitcoin halving, which cut block rewards in half, many companies are now redirecting their massive power capacity toward the booming AI and HPC markets to find new revenue streams.  While TeraWulf will continue its Bitcoin mining operations, the company confirmed it does not plan to expand that side of its business. The Long-Term Vision: A Digital Infrastructure Company TeraWulf executives emphasized that while Bitcoin mining provides near-term cash flow and… The post “Bitcoin Miner” TeraWulf Pivots to AI With $3.2B Google Deal appeared on BitcoinEthereumNews.com. Google boosts TeraWulf backstop to $3.2B, raising its equity stake to 14%. TeraWulf expands Lake Mariner with CB-5, adding 160 MW and $6.7B in revenue potential. Mining firms shift capacity to AI hosting after 2024 halving cuts Bitcoin rewards. TeraWulf has confirmed a major expansion of its partnership with Google, securing a massive $3.2 billion financial backstop to build out a new 160-megawatt (MW) data center at its Lake Mariner campus in New York. But if you think this is a Bitcoin story, you’re only half right. In exchange for the financial support, Google will receive warrants to purchase 32.5 million shares of TeraWulf, a deal that raises its equity stake in the company to about 14%. TeraWulf Announces Fluidstack Expansion with 160 MW CB-5 Lease at Lake Mariner 🐺@fluidstackio has exercised its option to expand at the Company’s Lake Mariner data center campus in Western New York. The expansion adds CB-5, a new purpose-built data center building providing an… — TeraWulf (@TeraWulfInc) August 18, 2025 The Big “Pivot to AI” According to TeraWulf’s Chief Strategy Officer, Kerri Langlais, this blockbuster deal is specifically for contracted artificial intelligence (AI) and high-performance computing (HPC) workloads; it does not apply to the company’s Bitcoin mining operations. Related: HIVE and TeraWulf: Efficiency Key for Bitcoin Miners Post-Halving This move shows a broader shift happening across the entire mining sector. Following the April 2024 Bitcoin halving, which cut block rewards in half, many companies are now redirecting their massive power capacity toward the booming AI and HPC markets to find new revenue streams.  While TeraWulf will continue its Bitcoin mining operations, the company confirmed it does not plan to expand that side of its business. The Long-Term Vision: A Digital Infrastructure Company TeraWulf executives emphasized that while Bitcoin mining provides near-term cash flow and…

                                                                               Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus.                     US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more