TeraWulf Inc. (WULF)

[winston]

not vested

TeraWulf Inc. (WULF)

I’ve joked on the livestream about it being “Google’s landlord.” That’s obviously an oversimplification but it captures what’s happening.

Alphabet Inc. (GOOG) has invested heavily in the company as TeraWulf transforms some of its Bitcoin-mining sites into AI data center infrastructure.

Instead of earning money primarily from mining coins, it’s increasingly getting paid to provide the power, land and facilities AI companies (including Google) desperately need.

The market used to value these companies based on how many coins they mined. Today it’s beginning to value them based on who leases their AI infrastructure.

Source: Investor Place