Google backstop of lease obligations
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Google backstopped $3.2 billion in lease obligations for TeraWulf's Lake Mariner AI data center campus
Source (primary)
Google's $3.2 Billion TeraWulf Backstop Shows How AI Data Centers Get Built - Startup Fortune (-, news_article)
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Quote: “Google backstopped $3.2 billion in lease obligations for TeraWulf's AI data center campus at Lake Mariner, New York, gaining a 14% stake while keeping the debt off its own books.”
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Additional evidence
confirms Google's $3.2 Billion TeraWulf Backstop Shows How AI Data Centers Get Built - Startup Fortune
Quote: “Google backstopped $3.2 billion in lease obligations for TeraWulf's AI data center campus at Lake Mariner, New York, gaining a 14% stake while keeping the debt off its own books.”