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Google executed a credit support agreement with TeraWulf for debt financing tied to approximately $19 billion of contracted lease commitments with Anthropic, creating a concrete AI infrastructure financing catalyst.
The article
TeraWulf Executes Credit Support Agreement With Google Regarding Debt Financing Supporting ~$19B Of Contracted Lease Commitments With Anthropic TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), a vertically integrated owner, developer and operator of large-scale digital infrastructure, today announced the execution of credit support agreements with Google LLC ("Google") in connection with debt financing supporting approximately $19 billion of contracted lease commitments with Anthropic, PBC ("Anthropic") at its Justified Data Campus in Hawesville, Kentucky ("Justified"). The Company also announced a definitive engineering, procurement and construction ("EPC") agreement with Fluor Enterprises, Inc. ("Fluor") on a GMP-basis for the development of Justified.