Google guarantee effective only after lease commencement
Company: TeraWulf - Project: Justified Data
The claim, verbatim
Google's guarantee takes effect only once each lease's last data hall reaches its commencement date.
Source (primary)
TeraWulf Falls 4% Despite Google Backstop for $19 Billion Anthropic Leases; Cipher Digital Plunges 18%, IREN Tumbles 9% - 24/7 Wall St. (-, news_article)
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Quote: “the guarantee takes effect only once each lease’s last data hall reaches its commencement date”
How we checked this
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Additional evidence
confirms TeraWulf Falls 4% Despite Google Backstop for $19 Billion Anthropic Leases; Cipher Digital Plunges 18%, IREN Tumbles 9% - 24/7 Wall St.
Quote: “the guarantee takes effect only once each lease’s last data hall reaches its commencement date”