Google incremental $1.4B backstop for CB-5 debt financing
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Google will provide an incremental $1.4 billion backstop supporting CB-5 project-related debt financing and will receive warrants for 32.5 million shares of TeraWulf common stock.
Source (primary)
terawulf 8-K exhibit (tm2523651d3_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “Google will provide an incremental backstop of $1.4 billion in support of project-related debt financing and will receive warrants to acquire 32.5 million shares of TeraWulf common stock”
How we checked this
Checked on October 8, 2026. The cited source supports every part of this claim.
The release states that, in connection with the CB-5 lease, Google will provide an incremental $1.4 billion backstop supporting project-related debt financing and will receive warrants for 32.5 million TeraWulf shares.
Confirmed in the source:
- Google will provide an incremental $1.4 billion backstop in connection with the CB-5 lease
- The backstop supports project-related debt financing
- Google will receive warrants to acquire 32.5 million shares of TeraWulf common stock
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925079463/tm2523651d3_ex99-1.htm) in full (7,584 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523651d3_ex99-1.htm)
Quote: “Google will provide an incremental backstop of $1.4 billion in support of project-related debt financing and will receive warrants to acquire 32.5 million shares of TeraWulf common stock”