TeraWulf Inc. (WULF) saw a 5.69% increase, closing at $9.28 per share after Google invested $3.2 billion in the company in exchange for warrants to acquire 32.5 million WULF common shares, boosting optimism for its expansion plans.

The investment will support the expansion of TeraWulf’s IT load to 360 MW to facilitate Fluidstack’s data center expansion in Western New York, deepening the strategic alignment with Google as a financial partner for AI infrastructure development.

CEO Paul Prager expressed confidence in the expansion, emphasizing the significant capacity increase at the Lake Mariner campus and the strengthened partnership with Fluidstack and Google in advancing AI infrastructure.

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Read more at Yahoo Finance: Terawulf (WULF) Climbs as Google Multi-Billion-Dollar Backing Sparks Optimism