TeraWulf and Google Sign Credit Support Agreement for Anthropic Lease Financing
Current overview (not historical)
TeraWulf has signed a credit support agreement with Google LLC, under which Google provides credit support for TeraWulf's expected project debt financing, allowing the project debt to be priced at Google's AA+ credit rating. The agreement is a guarantee rather than an equity investment and does not give Google an equity stake in TeraWulf. The financing is connected to TeraWulf's previously signed 20-year, $19 billion lease with Anthropic. First capacity is expected for delivery by the end of 2027, and no revenue has been confirmed yet.
Written with AI from the reporting · updated 11/6/2026
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- 1Unclassified fact stationNov 4, 00:00recorded Nov 6, 12:20single source
TeraWulf与Google签署信用支持协议以支持Anthropic租约项目融资
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- Subject：
- TeraWulf
- Action：
- 签署信用支持协议
- Object：
- Google LLC
- Occurred (fact side)：
- Nov 4, 00:00
- Published (valid side)：
- Nov 6, 12:03
- First seen (known side)：
- Nov 6, 12:20
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- PANews · ArticlesSelectedRelated fact: single sourceGoogle Backstops TeraWulf's $19 Billion Anthropic Deal: Credit Support, Deal Structure and Project Financing Risks
Report first recorded Nov 6, 12:20
TeraWulf has signed a credit support agreement with Google LLC for anticipated debt financing, allowing project bonds to be priced using Google's AA+ credit rating. The $19 billion figure is a 20-year lease commitment with Anthropic, not an investment, with initial capacity delivery starting in late 2027. The project's construction cost is estimated at $3.2 to $4.0 billion for 401 MW of IT load, while TeraWulf's cash-to-debt coverage stands at 58.1%. The guaranteed maximum price for the Fluor construction contract has not yet been finalized.
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