The story behind the cartoon
TeraWulf disclosed on November 4 that Google has agreed to backstop Anthropic’s rent on a 20-year, 401-megawatt lease at the Justified Data Campus in Hawesville, Kentucky — about $19 billion in contracted lease commitments.
If Anthropic defaults or becomes insolvent, Google will pay the rent and can assume the lease or pay a termination fee. The backstop ends once Anthropic holds investment-grade ratings for three months.
The guarantee has a price buried in the credit agreement: the tenant “shall use only Google-approved tensor processing units for accelerator processors in the Premises” — and the data halls are not due online until late 2027 through mid-2028.
The joke is the two-handed deal: the Google banker signs the $19 billion lease guarantee with one hand and clips a red TPU ONLY leash onto Claude’s collar with the other, while Claude holds the keys.

