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THE MINING POD: Google Ups TeraWulf Stake, MSTR’s New Stock Guidance, Kanye’s Memecoin

TeraWulf has upsized a convertible note in an AI deal that involves Google taking a 14% stake in the company.

Aug 22, 2025
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Welcome back to The Mining Pod! Today, Luxor CEO Nick Hanson joins us to discuss TeraWulf's upsized convertible note and Google boosting its WULF stake to 14%, [Micro]Strategy's flip-flop on share dilution, Applied Digital's $3B North Dakota data center expansion, Riot shedding its Bitfarms stake below 5%, and the latest memecoin spectacle, Kanye West's Yeezy Money launch on Solana.

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**Notes:**

• Hash price sits at $55/PH/day, down significantly

• TeraWulf market cap hits $3.6B after Google deal

• Applied Digital announces 280MW data center

• Riot divests BitFarms stake below 5%

• Yeezy coin reaches $2B market cap briefly

• MicroStrategy changes dilution guidance rules

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