Google Backs TeraWulf Debt for $19 Billion Anthropic Lease
Summary
TeraWulf secures Google credit support for the debt financing behind roughly $19 billion in Anthropic lease commitments at its Justified Data Campus in Hawesville, Kentucky. TeraWulf also signs a definitive EPC agreement with Fluor covering three data center buildings, with phased ready-for-service completions from late 2027 through the second quarter of 2028.
Key Points
- Google parent Alphabet's senior unsecured debt carries AA+ from S&P Global Ratings and Aa2 from Moody's, TeraWulf says.
- Fluor's EPC scope carries guaranteed maximum pricing, open-book cost reporting and defined delivery milestones, TeraWulf says.
- TeraWulf says contracted power capacity at its Muskie Data Campus in eastern Kentucky now reaches 1 gigawatt.