Google’s strategic financial involvement with TeraWulf encompasses major backstop commitments and equity warrant arrangements tied to massive multi-year artificial intelligence infrastructure hosting agreements. Specifically, Google backstopped substantial lease obligations—such as backing $1.8 billion of Fluidstack's lease obligations to support project-related debt financing—and received significant equity warrants representing roughly an 8% ownership stake in the company as part of the transformational data center expansion deals. This substantial financial backing and credit enhancement validate TeraWulf's capabilities as a tier-one hyperscale AI infrastructure provider and secure long-term funding visibility for its New York campus developments.