According to CoinMeta, Google provides support for the $19 billion data center leases of Anthropic and Terawulf. If Anthropic fails to pay the rent or goes bankrupt, Google may take over the leases or, under certain conditions, pay a termination fee to acquire a portion of the equity in Raylan Data, a subsidiary of Terawulf that operates the project. The lease term is 20 years and covers a computing capacity of 401 megawatts at the data center in Terawulf Kentucky. The proportion of equity Google obtains depends on the percentage of the termination fee relative to the total cost of project development and construction; the equity involved is in the subsidiary of the project, not in the listed company Terawulf. The project is expected to begin delivering capacity by the end of 2027, with deliveries continuing until the second quarter of 2028.