Abernathy Joint Venture with Fluidstack and Google
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
TeraWulf formed Abernathy JV in Texas with up to 51% controlling interest, featuring a 25-year Fluidstack lease backed by $1.3 billion Google credit enhancement
Source (primary)
terawulf 8-K exhibit (a_wulfformearningsreleaseq.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “TeraWulf expanded its national footprint with the formation of the Abernathy Joint Venture in Texas, through its subsidiary Big Country Wulf LLC, partnering again with Fluidstack and Google. The venture, in which TeraWulf holds up to a 51% controlling interest, includes a 25-year lease with Fluidstack, backed by a $1.3 billion Google credit enhancement”
How we checked this
Checked on September 29, 2026. The cited source supports every part of this claim.
The release describes the Texas Abernathy JV, TeraWulf's up-to-51% controlling interest, and the 25-year Fluidstack lease backed by a $1.3 billion Google credit enhancement.
Confirmed in the source:
- TeraWulf formed the Abernathy Joint Venture
- The Abernathy Joint Venture is in Texas
- TeraWulf holds up to a 51% controlling interest in the Abernathy venture
- The Abernathy venture includes a 25-year lease with Fluidstack
- The Abernathy Fluidstack lease is backed by a $1.3 billion Google credit enhancement
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330125000096/a_wulfformearningsreleaseq.htm) in full (25,617 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (a_wulfformearningsreleaseq.htm)
Quote: “TeraWulf expanded its national footprint with the formation of the Abernathy Joint Venture in Texas, through its subsidiary Big Country Wulf LLC, partnering again with Fluidstack and Google. The venture, in which TeraWulf holds up to a 51% controlling interest, includes a 25-year lease with Fluidstack, backed by a $1.3 billion Google credit enhancement”