Shares of TeraWulf (NASDAQ: WULF) jumped Monday, finishing the day up 4.6%. The spike comes as the S 500 and Nasdaq Composite were little changed.

TeraWulf, a Bitcoin miner and high-performance computing (HPC) data center company, announced that 's Google has committed to providing an additional $1.4 billion in backstop after announcing it would guarantee $1.8 billion last week.

TeraWulf announced a major deal last week with Fluidstack, an artificial intelligence (AI) cloud provider. TeraWulf will provide 200 megawatts of compute power at its data center in New York.

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Source Fool.com