Google Books Its AI Guarantee at 0.4%. TeraWulf and Cipher Paid Up to 39%.
TeraWulf and Cipher's own 10-Ks price the same Google guarantee at 39 to 96 times Alphabet's own liability mark, both backing the identical tenant at two different sites.
Two companies that took Google’s guarantee on AI data-centre leases valued what they paid for it, in their own audited books, at between 16% and 39% of the amount guaranteed, while Alphabet’s own balance sheet marks the liability for guaranteeing its entire book of these contracts, at the same date, at four-tenths of one percent.
