Google bets 3.7 billion on the Bitcoins Terawulf minor

A ten -year agreement cut for AI. However, Bitcoin – Google bets 3.7 billion bitcoins

Through his subsidiary Google Cloud, the giant signs a 10 -year contract with Terawulf. In addition, Objective :

• Accommodate massive workloads related to artificial intelligence
• Extend Bitcoin’s mining capacities
  

Concretely, the agreement provides for 500 MEGAWATTS (MW) additional energy capacity, bringing Terawulf’s infrastructure to the symbolic threshold of 1 Gigawatt.

“This agreement with Google Cloud allows us to continue to grow and innovate, while providing our customers from advanced hosting solutions for AI google bets 3.7 billion bitcoins and Bitcoin mining”, summary Paul Prager, PDG de Terawulf.

The announcement acts as an electroshock on the markets: the Wulf action, listed at the Nasdaq, flies from +50 % this Thursday to reach a new summit.

Bitcoin vs terawulf since January 1st
Zonebourse

For an entrepreneurial company in December 2021, the progression is spectacular: in three years, Terawulf has multiplied its capacities, recently reaching 5.5 eh/s (+37 % over the year). As a reminder. the “computing power” in Bitcoin’s mining, expressed in EH/S (Exehash per second), measures the number of cryptographic calculation tests that a minor can carry out every second to validate blocks, and therefore be rewarded in bitcoins. With 5.5 eh/s, Terawulf performs 5.5 quintillions of calculations per second, which reflects its ability to secure the network and obtain bitcoin google bets 3.7 billion bitcoins rewards. To put this figure in perspective, all minors on the Bitcoin network develops more than 1000 EH/S currently.

Calculation power (EH/S) on Bitcoin
Glass node

To understand everything about the computing power in Bitcoin’s mining: Bitcoin, the puzzle lasts 10 minutes

AI and crypto, same fight

This investment illustrates a deeper trend: the cloud giants want their share of the bitcoin calculation power. According to McKinsey. the world high performance calculation accommodation market (HPC), this which consists in solving complex and resource -gourmet calculations which cannot be treated effectively by conventional computers, should weigh $ 250 billion from 2030. Among the sectors where energy demand explodes, generative AI is in the lead. Training your models and responding to user requests requires colossal quantities of electricity.

Problem: if investors massively inject capital google bets 3.7 billion bitcoins in this booming market, companies are struggling to quickly access infrastructure capable of supporting this thirst for computing power. It is here that bitcoin minors come into play.

Accustomed to rotating ultra-performative servers, they already have all the advantages: stable and powerful power supply, optimized cooling systems, fast and low latency. Their expertise. installations can easily be redeveloped to meet the needs of AI giants, making these actors a strategic link in the global race for computer power.

Google intends to occupy a strategic position in this segment where AI and cryptocurrencies share the same gourmet calculation infrastructures.

The Google movement is part of an already committed race:

An alliance that changes the situation

Beyond financial power, it is the strategic signal that strikes. Google. a traditionally cautious actor vis-à-vis Bitcoin, is now positioned as a major infrastructure provider for mining, while consolidating its advance google bets 3.7 billion bitcoins in AI. This convergence is not anecdotal: IA. Crypto represent two of the markets with higher global growth, and their association could accelerate the industrialization of mining and AI.

If the subject interests you, I suggest you read this article: Northern Data abandons bitcoin for AI