COINDESK · 2026-11-05 13:29 UTC

Google could take stake in bitcoin miner TeraWulf's $19 billion AI project if Anthropic defaults

Google agreed to backstop Anthropic's $19 billion, 20-year lease for 401 megawatts of computing capacity at TeraWulf's Kentucky data center project. If Anthropic defaults or becomes insolvent, Google can take over the lease and potentially acquire an ownership stake in the project subsidiary Raylan Data, with stake size proportional to any termination fee paid. The arrangement helps TeraWulf secure financing for the project, with deliveries expected from late 2027 through Q2 2028.

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