Google, the global tech giant, is accelerating its strategic layout in the fields of Crypto and AI computing. Recently, a series of its actions have drawn widespread attention: through the AI cloud platform Fluidstack, it is forming a partnership with Bitcoin mining company TeraWulf and will acquire an 8% stake in TeraWulf; the Google Play Store is about to adjust its policies regarding cryptocurrency exchanges and software wallets; and preliminary discussions are underway with several cryptocurrency companies about stablecoin integration—these actions highlight Google's deep involvement in AI computing and the cryptocurrency field. How does Google acquire an 8% stake in Bitcoin mining company TeraWulf? TeraWulf Inc. (NASDAQ: WULF), as a vertically integrated zero-carbon digital infrastructure operator, has primarily focused on Bitcoin mining in recent years and has recently expanded into high-performance computing. In its second-quarter earnings report, TeraWulf indicated that the company mined 485 Bitcoins at its Lake Mariner facility, generating revenue of $47.6 million, which is a 33.7% increase compared to the $35.6 million revenue in the second quarter of 2024, while the cost of revenue also increased from 39.1% in the second quarter of 2024 to 46.4%. However, due to increased investments in high-performance computing and costs related to mining, TeraWu

BTC-0.66%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)