TeraWulf gets credit backstop from Google for Anthropic data-center project
TeraWulf said Google agreed to provide a credit backstop to support financing for its data-center project with Anthropic. The project is expected to generate about $19 billion in contracted revenue and support 401 megawatts of critical IT load, with initial capacity expected online in the second half of 2027.
1. Credit support
TeraWulf said it secured a credit backstop agreement with Google to support financing needs for its data-center project with Anthropic. Chief Financial Officer Patrick Fleury said the credit support strengthens the project's financing profile and the company's ability to pursue competitive long-term debt.
2. Project details
TeraWulf signed a 20-year lease with Anthropic in July, a deal expected to generate about $19 billion in contracted revenue. The campus in Hawesville, Kentucky, is expected to support about 401 megawatts of critical IT load, with initial capacity expected online in the second half of 2027. TeraWulf also announced an expanded agreement with Fluor Enterprises for development of the site.
