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
€211.95
-0.930%
With 107 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
On the other hand, the target price of 210 € is below the current price of 211.95 € for Alphabet Inc. A, so the potential is actually -0.92%.
