“Google Already OWns 14% of Terawulf and is Supporting Other Crypto Firms Like Cipher Mining in Their AI Expansions.”, – WRITE: www.coindesk.com
The Company, Bloomberg Reports Citing Terawulf Ceo Patrick Fleury, Is Working with Morgan Stanley to Arrang the Funding, Which Could Launch Loans.
Credit Rating Agencies Are Evaluating the Deal, and Google’s Support May Help It Secure A Stronger Credit Rating Than Wuld Be Typical For The Firm.
The ai Industry’s Hunger for Data Center Space, Chips, and Electricity Has Attracked Crypto Mines of Unlikely Partners, Which ALREADY CONTROL POWER-INTENSIVE INFRASTRASTRASTRASTRASTRACTUCTRACTUCTUC workloads.
Google, WHICH RECENTLY INCREASED ITS Backtop for Terawulf to $ 3.2 Billion, Now Holds A 14% Stake in the Company. That Support Helped AI Cloud Platform FluidStack Expand Its of A Terawulf-Run Data Center in New York in August.
Other Crypto-Native Firms Are Following Suit. Cipher Mining Struck A Similar Agreement with Google and FluidStack this Week. Google Will Also Backtop $ 1.4 Billion in Obligations Tied to that Deal and Take An Equity Stake in Cipher.
Terawulf Shares Droped AROUND 1.3% in Friday’s Trading Session and Were Unchanged in After-Hours Trading.
Nydig Argued that Mnav Fails to Account for Operation Businesses and Uses Assumed Shares Outstanding, WHICH CAN BE INCCCOURATE.
- Strive Asset Management Acquire Semler Scientific in An All-Stock Deal, Creating A Combined Company With Over 10,900 BTC IN ITS TREasury.
- The Acquisition of Highlights a potential Issue with the “mnav” Metric, whoh is used to Value Bitcoin treasury Firms But Can Be Misleading or DisingenUS, Nydig Claims.
- Nydig Argues that Mnav Fails to Account for Operation Businesses and Uses Assumed Shares Outstanding, Which Can Be Inaccureate.
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