Backstop start, end and six-year rejection limit
Company: TeraWulf
The claim, verbatim
The backstop starts when the final data hall under each lease commences and ends if Anthropic achieves and keeps investment grade ratings for at least three months; Google cannot exercise its rejection option in the first six years unless the TPU Pods installed could consume less than 50% of the tenant's critical power.
Source (primary)
TeraWulf’s $19B Anthropic Lease Gets a Google Backstop - FourWeekMBA (-, news_article)
View cached copy (2026-11-05)Live source ↗Archive.org ↗
Quote: “Google shall not exercise the Google Rejection Option within the first six (6) years after the CSA Effective Date unless the Equipment Capacity Trigger occurs”
How we checked this
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Additional evidence
confirms TeraWulf’s $19B Anthropic Lease Gets a Google Backstop - FourWeekMBA
Quote: “Google shall not exercise the Google Rejection Option within the first six (6) years after the CSA Effective Date unless the Equipment Capacity Trigger occurs”