Chain News Today TheBitTimes.com

TeraWulf stock surged as much as 12% to a fresh 52-week high Monday after Google disclosed it had become one of the Bitcoin miner’s largest shareholders. The tech giant raised its stake to 14% by upping its backstop commitment in a lease deal between TeraWulf and AI infrastructure provider Fluidstack. That news sent shares soaring intraday before after-hours selling trimmed gains, and the stock has eased slightly on Tuesday. Even so, TeraWulf remains up more than 72% in the past week and 87% over the past month. TeraWulf share price (Source: Google Finance ) TeraWulf Inks Deal With FluidStack In an Aug. 14 press release , the Bitcoin miner said it had entered two 10-year high-performance computing (HPC) colocation agreements with the AI cloud platform. As part of the initial agreements, Terawulf was expected to deliver more than 200 MV of critical IT load at its Lake Mariner data center campus that is located in Western New York.  According to that announceme...

Google, a subsidiary of tech conglomerate Alphabet, is on the verge of a significant policy update set to take effect on Jan. 29, which could alter the landscape of cryptocurrency advertising. Now that the U.S. Securities and Exchange Commission’s (SEC) approved 11 spot Bitcoin (BTC) ETFs on Jan. 10, Google is expected to amend its rules and enable asset managers to advertise these products to a broader U.S. audience. This move follows Google’s recent decision to broaden its crypto currency and related products’ policy , now providing advertisers with specific guidelines for promoting what it calls “ crypto currency coin trusts.” Advertisers eager to capitalize on Google’s platform, renowned for its expansive reach and high search volume, will now require certification to ensure compliance with the tech giant’s stringent requirements. The significance of this development is highlighted by the Grayscale Bitcoin Trust (GBTC) converting to a spot Bitcoin ETF, coupled with ...