Investment-grade backstops at Lake Mariner (Google) and Hawesville
Company: TeraWulf
The claim, verbatim
TeraWulf's CEO said the company has an investment-grade backstop from Google at Lake Mariner and an investment-grade backstop commitment at Hawesville, Kentucky, allowing it to raise capital at competitive rates.
Source (primary)
IREN’s $363M GPU Raise, Morgan Stanley’s Bullish TeraWulf Price Target, and SK Hynix’s Earnings - Yahoo Finance (-, news_article)
View cached copy (2026-10-29)Live source ↗
Quote: “we have an investment grade backstop in Lake Mariner. It's from Google. In Kentucky, in Hawesville, we have an investment grade backstop commitment so we can raise the capital at very competitive rates.”
How we checked this
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Additional evidence
confirms IREN’s $363M GPU Raise, Morgan Stanley’s Bullish TeraWulf Price Target, and SK Hynix’s Earnings - Yahoo Finance
Quote: “we have an investment grade backstop in Lake Mariner. It's from Google. In Kentucky, in Hawesville, we have an investment grade backstop commitment so we can raise the capital at very competitive rates.”