TeraWulf Traded Anthropic’s Credit Risk for Google’s. The Stock Fell Anyway.
Photo: Blockchain Reporter
On the morning of 4 November, TeraWulf told the market it had moved the credit risk of its largest customer onto Alphabet’s balance sheet. Google LLC signed credit support agreements covering roughly $19 billion of lease commitments that Anthropic owes the company’s Raylan Data subsidiary at the Justified campus in Hawesville, Kentucky. The same morning, TeraWulf announced a definitive engineering, procurement and construction contract with Fluor for the three buildings that will hold the tenant. WULF closed that session at $11.70, down 6.6% from $12.53 the day before. On 5 November the selling continued.
Source: Blockchain Reporter
