Google could take stake in TeraWulf’s $19 billion AI project

The agreement covers a $19 billion data-center project involving TeraWulf and Anthropic, with a provision that could allow Google to acquire part of the project if Anthropic fails to pay its rent. The arrangement gives Google a potential ownership route tied to a tenant default rather than a conventional investment announcement.

TeraWulf is a bitcoin miner building out data-center capacity for AI workloads. The provision adds a contractual connection between Anthropic’s rental obligations, Google’s potential stake and the project’s ability to support large-scale computing demand.

For Google, the mechanism would create a possible interest in infrastructure associated with Anthropic’s capacity. For Anthropic, the clause attaches a consequence to unpaid rent. For TeraWulf, it places a potential change in project ownership inside the data-center agreement.

The acquisition is conditional: it would arise if Anthropic defaults on rent. The terms that would determine the size of Google’s stake and the circumstances of any transfer are not established here.

The next relevant evidence would be any disclosed default, clarification of the agreement’s ownership terms or update on the project’s development and tenancy.