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TeraWulf secures a credit backstop agreement with Google to support financing for its data center project with Anthropic in Kentucky, set to come online H2 2027 (Deborah Sophia/Reuters)

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In short

The credit backstop arrangement guarantees essential capital backing for constructing the regional facility. TeraWulf is developing the infrastructure directly alongside partner Anthropic to expand available computing capacity. Work on the Kentucky site will progress toward an expected launch window scheduled for the second half of 2027.

Key points

  • The agreement establishes financing support to advance the construction and operational r…: The agreement establishes financing support to advance the construction and operational readiness of the data center.
  • The project brings together Google, TeraWulf, and Anthropic on a joint computing infrastr…: The project brings together Google, TeraWulf, and Anthropic on a joint computing infrastructure initiative.
  • The Kentucky site remains slated for completion and online activation during the late 202…: The Kentucky site remains slated for completion and online activation during the late 2027 timeframe.

Sources checked by our analysis pipeline: 1

Bloomberg: |

Nick Wingfield / The Information: |

Stephanie Findlay / Financial Times: |

Calder Mchugh / Politico: |

Ben Thompson / Stratechery: |

Politico: |

Financial Times: |

Molly White / Citation Needed: |

Washington Post: |

Sasha Rogelberg / Fortune: |

Financial Times: |

Bloomberg: |

Madison Mills / Axios: |

Bloomberg: |

Jagmeet Singh / TechCrunch: |

Rafe Rosner-Uddin / Financial Times: |

David Swan / The Age: |

Apple Developer: |

Bloomberg: |

Mike Butcher / Pathfounders: |

Sawdah Bhaimiya / CNBC: |

Ben Gartside / Wired: |

Reuters: |

Danial Azhar / Bloomberg: |

Stephen Council / Business Insider: |

SemiAnalysis: |

Neil Kakkar / The Pragmatic Engineer: |

Deborah Sophia / Reuters: |

Katie Tarasov / CNBC: |

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