11:47 AM EDT, 08/18/2025 (MT Newswires) -- Alphabet's (GOOG) Google ( GOOG ) will supply an incremental backstop of $1.4 billion in support of debt financing for a new data center and will receive warrants to acquire 32.5 million shares of TeraWulf ( WULF ) common stock, bringing its total backstop to about $3.2 billion and its total equity ownership to about 14%, TeraWulf ( WULF ) said Monday.

The companies said last week Google ( GOOG ) was backstopping $1.8 billion of Fluidstack lease obligations and was to receive an 8% equity stake in TeraWulf ( WULF ).

The new data center, which is expected to commence operations in H2 2026, is part of an expansion at TeraWulf's ( WULF ) Lake Mariner campus in western New York, made possible by Fluidstack's decision to exercise its option, TeraWulf ( WULF ) said.

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