Google termination fee backstop for Flash Compute
Company: TeraWulf
The claim, verbatim
Google has committed to a $1.3 billion termination fee to assume the Flash Compute data center lease upon Fluidstack insolvency or payment default, unless six years have passed or equipment capacity is below 50% of baseline capacity
Source (primary)
terawulf 8-K exhibit (tm2533501d1_ex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-23)Live source ↗
Quote: “Google must assume the lease upon an FS insolvency or payment default, unless (i) the first 6 years of the DC Lease term have passed or (ii) the premises only has equipment installed capable of consuming less than 50% of Baseline Capacity... Initial FS Termination Fee 1,300”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms terawulf 8-K exhibit (tm2533501d1_ex99d1.htm)
Quote: “Google must assume the lease upon an FS insolvency or payment default, unless (i) the first 6 years of the DC Lease term have passed or (ii) the premises only has equipment installed capable of consuming less than 50% of Baseline Capacity... Initial FS Termination Fee 1,300”