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

TeraWulf's $19 billion data-center agreement with Anthropic includes a provision letting Google take a stake in the bitcoin miner's AI project if Anthropic defaults on rent. The arrangement ties a major bitcoin miner to hyperscale AI infrastructure and adds a credit backstop from Google. Traders would watch this as a signal of miners diversifying into AI hosting revenue, with counterparty risk now part of the story.