Bitcoin miner TeraWulf secures $3B funding arrangement with Morgan Stanley backed by Google

Cryptocurrency mining firm TeraWulf is structuring a $3 billion funding package through Morgan Stanley for data center development, with Google providing a backstop commitment of an additional $1.4 billion. The deal, potentially launching in October, follows TeraWulf's earlier $3.7 billion AI hosting agreement with Fluidstack where Google acquired a 14% stake.