TeraWulf Announces Google Guarantees Lease for Anthropic's Kentucky Campus

Nov 5

1. 15:42

   Phoenix TechnologyRelated discussion

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2. 13:00

   Zhidongxi

   Google provides credit support for TeraWulf data center project, securing Anthropic's approximately $19 billion lease

   TeraWulf announced that it has signed a credit support agreement with Google, under which Google will provide credit support for debt financing for its Justified data center project, a campus used by Anthropic. In July of this year, TeraWulf signed a 20-year lease with Anthropic to provide approximately 401 megawatts of IT load capacity, and the initial lease term is expected to generate approximately $19 billion in contracted revenue. The campus is being built by Fluor as three buildings, expected to be delivered in phases from the end of 2027 to the second quarter of 2028; if Anthropic defaults or goes bankrupt, Google may pay the rent due under the agreement and take over as tenant.

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3. 13:00

   Phoenix Technology

   Google Provides Credit Support for TeraWulf Data Center Project; Anthropic Signs $19 Billion Lease

   TeraWulf announced that it has signed a credit support agreement with Google, under which Google will provide credit support for debt financing for its Justified data center project, a campus to be used by Anthropic. TeraWulf has signed an engineering, procurement and construction (EPC) agreement with Fluor, and the three data center buildings are expected to be delivered in phases between the end of 2027 and the second quarter of 2028. In July of this year, TeraWulf subsidiary Raylan Data signed a 20-year lease with Anthropic for approximately 401 MW of IT load capacity, expected to generate approximately $19 billion in contracted revenue during the initial lease term. If Anthropic defaults on payment or goes bankrupt, Google may, under the agreement, pay the rent due and take over as tenant.

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4. 00:17

   Unite.AI

   TeraWulf Brings in Google Lease Backstop for Anthropic's Kentucky Campus

   On November 4, 2026, TeraWulf announced that Google agreed to backstop part of Anthropic's lease obligations at the Justified Data Campus in Hawesville, Kentucky, supporting the expected debt financing related to approximately $19 billion in signed lease commitments. Regulatory filings show that three credit support agreements cover the CB-1, CB-2, and CB-3 lease areas, with participants including TeraWulf, Raylan Data, Justified DataPower, Anthropic, and Google; after an Anthropic payment default or bankruptcy event, Google may pay the current rent and take over the lease as tenant, or pay a termination fee under specific circumstances. The agreements also require Anthropic and its affiliates to use only Google-approved TPUs as accelerators during the lease term. TeraWulf also signed a formal construction agreement with Fluor Enterprises for three campus buildings, with phased delivery expected to continue from late 2027 through the second quarter of 2028.

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