Google backs $19B lease for Anthropic’s Kentucky AI campus

TeraWulf also signed a construction agreement with Fluor Enterprises for three campus buildings. The project’s financing remains contingent on debt completion, and Fluor’s guaranteed maximum pricing is still being finalized. Google’s role includes potential lease assumption or equity acquisition in case of default, with restrictions on lease termination for six years unless power consumption drops below 50%. The agreements aim to strengthen TeraWulf’s ability to secure long-term debt for the campus.