Google backs the project financing for TeraWulf's US$19 billion Anthropic campus in Kentucky, and Fluor signs the build contract

What changed

TeraWulf says it has signed credit support agreements with Google for the debt financing of its Justified Data Campus in Hawesville, Kentucky, which supports about US$19 billion of contracted lease commitments with Anthropic. It has also signed a definitive engineering, procurement and construction agreement with Fluor for three data centre buildings, with guaranteed maximum pricing being set as engineering and procurement progress. Phased ready-for-service completions are expected from late 2027 to the second quarter of 2028, TeraWulf says. Reuters reports that the campus is expected to support about 401 MW of critical IT load and calls the deal the latest example of large tech firms backstopping smaller developers and neoclouds.

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