TeraWulf (WULF) Stock Slips 3% as Google Backstops Anthropic Lease

TLDR TeraWulf stock was down about 3% in premarket trading on Wednesday. Google agreed to backstop Anthropic’s 20-year, $19 billion lease at the Kentucky site. If Anthropic defaults, Google can take over the lease or buy a stake in the project subsidiary. TeraWulf also expanded its agreement with Fluor Enterprises for the Hawesville build. First capacity is expected online in the second half of 2027. TeraWulf (WULF) stock was down about 3% in premarket trading on Wednesday. The dip came as AI data-center names slid on worries about tighter regulation after Democrats took control of Congress. TeraWulf Inc., WULF The company had news to share, though. It secured a credit backstop from Google to support financing for its Anthropic data-center project.

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