Google provides credit support for TeraWulf debt financing tied to $19 billion Anthropic lease
Data center developer TeraWulf has secured a credit backstop agreement from Google to support debt financing for a Kentucky project leased to Anthropic.
Data center developer TeraWulf has secured credit support from Google to assist in debt financing for a data center campus in Hawesville, Kentucky, according to Reuters and market reports. The facility is tied to a previously announced 20-year, $19 billion lease commitment with artificial intelligence company Anthropic. The $19 billion sum represents contracted lease obligations rather than financing supplied directly by Google.[2][3][4][5]
Google's credit backstop strengthens the project's financing profile and could help TeraWulf secure more competitive long-term borrowing terms and lower financing costs as it raises capital for construction.[1][2][5]
TeraWulf also signed a definitive construction contract with Fluor covering three data center buildings at the Justified Data Campus. The sites are scheduled for phased ready-for-service delivery beginning in late 2027 and continuing through the second quarter of 2028. Separately, TeraWulf recently expanded its contracted power capacity to 1 gigawatt at its Muskie Data Campus in eastern Kentucky.[2][3][4]
Key facts
- TeraWulf secured a credit backstop agreement from Google to support debt financing for a data center project in Kentucky.
- The project is tied to a previously announced 20-year lease agreement with Anthropic representing approximately $19 billion in contracted commitments.
- The $19 billion reflects Anthropic's lease commitments rather than capital funded directly by Google.
- TeraWulf executed a definitive construction agreement with Fluor covering three data center buildings at the Justified Data Campus.
- The Kentucky data center campus is scheduled for phased ready-for-service milestones starting in late 2027 and continuing through Q2 2028.
- TeraWulf recently increased contracted power capacity to 1 GW at its Muskie Data Campus in eastern Kentucky.
Sources · 5 sources
- CB
Crypto BriefingArticle ·
Google backs TeraWulf’s $19 billion Anthropic lease with credit support Google's backing of TeraWulf's lease enhances financial stability, potentially lowering borrowing costs and boosting investor confidence. The post Google backs TeraWulf’s $19 billion Anthropic lease with credit support appeared first on Crypto Briefing .
Open source - WS
Wall St Engine@wallstenginePost on X ·
TeraWulf $WULF has secured credit support from $GOOGL for debt financing tied to its previously announced $19B, 20-year Anthropic lease at the Justified Data Campus in Kentucky. Google's backing strengthens the project's financing profile and could help TeraWulf secure more competitive long-term borrowing terms. The $19B represents contracted lease commitments, not the amount Google is financing. Separately, TeraWulf signed a definitive construction agreement with Fluor $FLR covering three data center buildings at the campus. Construction milestones call for phased ready-for-service completions beginning in late 2027 and continuing through Q2 2028. TeraWulf also recently expanded its contracted power capacity to 1 GW at its Muskie Data Campus in eastern Kentucky.
Open source - TE
Techmeme@TechmemePost on X ·
TeraWulf secures a credit backstop agreement with Google to support financing for its data center project with Anthropic in Kentucky, set to come online H2 2027 (@deborah_sophia / Reuters) (Visit Techmeme dot com for the link and full context!)
Open source - TE
TechmemeArticle ·
TeraWulf secures a credit backstop agreement with Google to support financing for its data center project with Anthropic in Kentucky, set to come online H2 2027 (Deborah Sophia/Reuters) Deborah Sophia / Reuters : TeraWulf secures a credit backstop agreement with Google to support financing for its data center project with Anthropic in Kentucky, set to come online H2 2027 — Data-center developer TeraWulf (WULF.O) said on Wednesday it has secured a credit backstop agreement with Alphabet's Google …
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Evan@StockMKTNewzPost on X ·
TERAWULF $WULF GOT GOOGLE $GOOGL TO BACK THE DEBT FOR A DATA CENTER IT'S BUILDING FOR ANTHROPIC The project in Hawesville, Kentucky is tied to about $19B of lease commitments with Anthropic, per TeraWulf. Google will provide credit support for the debt TeraWulf plans to raise to build it.
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