Google Could Take Stake in TeraWulf’s $19B AI Project | CoinDesk Daily
Thursday, 5 November 2026 · 1 min read · Listen to the episode ↗
Google agreed to backstop Anthropic’s rental obligations for 401 megawatts of computing capacity at TerraWulf’s Kentucky campus, a 20-year project valued at $19 billion; Google could become a part-owner only if Anthropic fails to pay. Kraken parent Payward and clients bought an undisclosed amount of Aave tokens, not equity. Crypto insurer SOTR’s backing totals $23.5 million, 500 Bitcoin and 2,000 Ether.
Google agreed to backstop Anthropic’s rental obligations under a 20-year lease for 401 megawatts of computing capacity at TerraWulf’s Kentucky campus. The project is valued at $19 billion.
The agreement leaves Google with a conditional path to ownership: it could become part-owner of the project if Anthropic fails to meet its rental obligations. The disclosed terms tie that possibility to Anthropic’s failure to pay, rather than describing an unconditional ownership stake.
Payward, Kraken’s parent company, and its clients acquired an undisclosed amount of Aave tokens on the secondary market and are exploring future collaboration with Aave. Thursday’s announcement concerned tokens, not equity.
That distinction matters because CoinDesk had reported in June that Kraken was in talks to buy a 15% stake in Aave Group. The new announcement does not disclose an equity purchase or confirm that earlier reported talks resulted in a deal.
Standard Chartered’s venture arm and Japan’s SBI Group invested in crypto insurer SOTR as part of a round led by Galaxy. SOTR’s total backing is $23.5 million, 500 Bitcoin and 2,000 Ether, together worth roughly $66 million.
This summary was generated from the episode transcript and can contain mistakes.