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TeraWulf Lands Google Backing, A Billion Dollars For Domestic Critical Minerals, And The New Opendoor Obsession

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TeraWulf Wins Massive New AI Compute Deal Backstopped By Google

TeraWulf (NASDAQ: WULF) cut two new significant deals with United Kingdom based cloud computing company Fluidstack to provide them with 200 megawatts of computing power at their Lake Mariner data centre located in New York. Google (NASDAQ: GOOG) is guaranteeing $1.8 billion of Fluidstack’s lease obligations with TeraWulf in exchange for warrants in TeraWulf, which will give Google roughly an 8% ownership stake in the company.

The Department of Energy Wants To Put Up A Billion Dollars For Domestic Critical Minerals

The United States Department of Energy officially announced new plans to pour $1 billion into accelerating the domestic production of rare earth elements and critical minerals. $500 million of the new proposed funding will be allocated to battery manufacturing, processing and recycling, and $150 million will go towards scaling up the domestic supply chain of rare earth elements and rare earth magnet production.

Retail Investors Are Becoming Obsessed With OpenDoor

OpenDoor (NASDAQ: OPEN) has experienced a surge in excitement from retail investors lately and an enormous spike in trading volumes and options activity, fuelled largely by fund manager Eric Jackson and entrepreneur Anthony Pompliano recently publicly disclosing they have taken an equity position in the company.

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