Google backs TeraWulf’s $19 billion Anthropic lease with credit support

The search giant will guarantee some of Anthropic's obligations at TeraWulf's Kentucky campus, a move the former Bitcoin miner says strengthens its financing hand Google has agreed to guarantee some of Anthropic’s obligations to TeraWulf. That puts one of the world’s largest tech companies behind a lease worth around $19 billion. For a company that built its name mining Bitcoin, it is a notable endorsement. TeraWulf now has a cosigner that lenders are unlikely to lose sleep over. What Google is actually promising On November 4, 2026, TeraWulf Inc. (NASDAQ: WULF) disclosed that it had secured credit support agreements with Google LLC. The agreements are tied to financing the Justified Data Campus in Hawesville, Kentucky. The support underpins around $19 billion in lease commitments from Anthropic PBC. Those commitments sit inside a 20-year agreement. The campus is designed to deliver approximately 401 MW of critical IT load capacity. Critical IT load is the power that goes directly to servers and computing gear, not to cooling or lighting. In plain terms, it measures how much actual computing the site can run. TeraWulf CEO Paul Prager said the Google arrangement strengthens the comp...