Could Alphabet Be About to Start Mining Bitcoin?
By agreeing to backstop leases at a New York data center campus run by TeraWulf (NASDAQ: WULF), (NASDAQ: GOOG) (NASDAQ: GOOGL) picked up some stock warrants that could translate into a meaningful equity stake in a company that mines Bitcoin (CRYPTO: BTC).
The internet search giant is not buying coins directly, and it isn't buying a mining company outright. But the economic exposure here is still real enough to matter for investors, so let's investigate what happened in more detail.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Stock
€267.85
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With 146 Buy predictions and 4 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 306 € there is a slightly positive potential of 14.24% for Alphabet Inc. A compared to the current price of 267.85 €.
