Google could take stake in TeraWulf’s $19 billion AI project

TeraWulf's $19 billion AI project — Bitcoin miner TeraWulf’s $19 billion data-center agreement with Google and AI firm Anthropic includes a provision allowing Google to acquire part of the project if Anthropic defaults on its payments.

The clause is part of a complex hosting deal where TeraWulf will provide infrastructure for Anthropic’s AI operations, with Google acting as a cloud provider. The arrangement, revealed in a recent SEC filing, gives Google a potential equity stake in the data-center assets should Anthropic fail to meet its financial obligations under the 20-year contract.

TeraWulf, known for its nuclear-powered Bitcoin mining operations, is diversifying into high-performance computing. The deal represents a significant move by a publicly traded crypto miner to leverage its energy infrastructure for the burgeoning artificial intelligence sector.

The filing indicates the agreement is designed to secure long-term revenue for TeraWulf while providing Google with a safeguard on its involvement in the large-scale project.