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Friday, October 3, 2025

Trewulf, supported by Google, plans to develop via $ 3 billion, according to a report, according to a report.

Terawulf plans to receive funding of 3 billion dollars to extend its data centers thanks to an agreement supported by Google, according to what its financial director Patrick Fleury revealed in an interview with Bloomberg, and Flori explained that the debt could be given via the bond market with a bond market the high performance or through leverage, and the Morgan Stanley The potential agreement that could be launched soon in October.

The agreement is always under study by credit rating agencies, with expectations of classification between BB and CCC, which is the usual scope of categorical debts as high risk, but Google’s support can help obtain a higher classification with the continuation of these negotiations, and it has not yet been decided whether the agreement will be concluded or not, and the Tira-Piste does not answer our Cryptonews Publication.

The development of artificial intelligence technologies increases the demand for databases and puts metal under the spotlight

This decision comes at a time when the demand for artificial intelligence infrastructure has exceeded the available display capacities. The rapid growth of artificial intelligence technologies has led to a lack of availability of databases, graphic processing and electrical energy.

Given that Cripto’s mining companies, such as Tiraooolf, mainly lead huge facilities that consume large amounts of energy, their attractiveness has increased as a partner for companies that seek to develop in the field of IT associated with artificial intelligence.

Tiraolf has seen increased interest in its facilities. Last August, the Fluidstak Cloud Computing platform widened the use of a Tirawolf database in New York. Almost at the same time, Google has increased its financial commitment by supporting Terouolf by $ 1.4 billion to $ 3.2 billion, which made its share in the company from 8% to 14%.

Terwoulf and Cipher finance to extend data centers

In this context, another mining company – Cipher Mining – has signed a joint accommodation agreement with Floystak and Google stipulating that Seller offers a database capacity, while Google is committed to supporting the financial obligations of $ 1.4 billion for participation in the company. Cipher should also endeavor to receive more debt financing, similar to Térawulf attempts.

In addition, Terawulf announced last August its intention to raise $ 400 million thanks to a special offer of convertible bonds which reached its right in 2031. The company indicated that it would allocate part of the yields to financial operations which are used using purchasing contracts with a price of a price, which is a financial tool similar to the re-operation of shares aimed at reducing Conversion, while respect has been reductive impact on the result of abandonment for conversion, while discounting surrender will be used to extend data centers and cover the needs of the other company.

If this agreement is concluded, it will become one of the largest debt agreements concluded by a mining company in the context of its transformation to the infrastructure of artificial intelligence, because it reflects the growing role of Google in the improvement of IT capacities to follow the rate of accelerated demand by developers of artificial intelligence.

The message, the Terwulf, which is taken care of by Google, plans to extend to $ 3 billion, according to the Arabonews Arab Cryptonew report.

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