ChainCatcher report: TeraWulf has announced a credit support agreement with Google to provide financing support for its Justified Data Center Campus project in Hawesville, Kentucky, which corresponds to a long-term lease commitment of approximately $19 billion with Anthropic. Google will provide contractual credit support for the anticipated debt financing; Alphabet’s senior unsecured debt is currently rated AA+ by S&P and Aa2 by Moody’s. According to the project schedule, the related data centers are expected to begin phased delivery by the end of 2027 and continue through the second quarter of 2028. TeraWulf stated that this agreement will further strengthen the project’s financing framework and enhance construction execution capabilities, helping to convert long-term AI and high-performance computing (HPC) lease demand into sustained cash flow.
TeraWulf Secures Google Credit Support for $19 Billion Anthropic Data Center Project
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Summary
TeraWulf has secured credit support from Google for its $19 billion Anthropic data center project in Kentucky. The agreement includes long-term lease commitments and utilizes Alphabet’s AA+ and Aa2-rated debt. The facility is scheduled to begin phased delivery by late 2027. TeraWulf stated that the deal will enhance financing and construction efforts, aligning with global CFT standards. The project also incorporates compliance with MiCA to support future cryptocurrency-related infrastructure needs.
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