Google Backs TeraWulf 14% Stake, Miner Stock Soars to Peak
TeraWulf (NYSE: WULF) saw Google boost its equity stake to 14%, driving its stock to a 2.5-year high. This move underscores growing institutional confidence in sustainable Bitcoin mining. Powered by nuclear, hydro and solar energy, TeraWulf operates two large-scale New York facilities and plans to expand via WulfPack data centres and the TeraPool initiative. Strong operational metrics—record hash-rates and new site permitting—have reinforced its hybrid, zero-carbon mining model. Meanwhile, rival CleanSpark (NASDAQ: CLSK) slipped as investors pivoted to eco-friendly miners. Traders should note the potential for continued bullish momentum in TeraWulf’s sustainable Bitcoin mining operations and broader renewable-focused mining stocks.
Bullish
Google’s significant stake increase is a clear signal of institutional endorsement for TeraWulf’s zero-carbon mining model, likely driving short-term buying pressure in WULF. The move highlights growing demand for sustainable Bitcoin mining, which may shift capital flows towards eco-friendly miners. Strong operational metrics—record hash-rates and new expansions—further support long-term value. Historical precedents show that major corporate investments can sustain upward momentum, suggesting a lasting bullish outlook for TeraWulf and similar renewable-focused mining stocks.