United StatesGoogle can take over Anthropic’s $19 billion data center lease.

TeraWulf, a former bitcoin miner, lost $941 million in the second quarter.

If Anthropic defaults, Google can pay the rent and take over the lease, or pay a termination fee and take equity in TeraWulf’s Raylan subsidiary.

Rent starts only as each hall is delivered, between late 2027 and the second quarter of 2028.

How each outlet framed it
Zhidx
sets TeraWulf's Q2 net loss of about $941M (roughly 50x the year-earlier loss) against the $19B Anthropic lease value

Sources: Zhidx