Fluidstack debt financing (~$3.82B)
Company: TeraWulf
The claim, verbatim
TeraWulf's capital plan includes Fluidstack-related debt financing with estimated gross proceeds of approximately $3.82 billion, structured to maximize Google support.
Source (primary)
terawulf 8-K exhibit (tm2523651d1_ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “Fluidstack Debt Financing”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The slide shows Fluidstack Debt Financing at $3,820, footnoted as estimated gross proceeds. The slide is titled 'Capital Allocation - Structured to Maximize Google Support', and that title applies to the plan as a whole, which includes this financing.
Confirmed in the source:
- TeraWulf's capital plan includes Fluidstack debt financing
- The Fluidstack debt financing is shown at approximately $3.82 billion ($3,820 million)
- The $3.82 billion figure is footnoted as estimated gross proceeds
- The capital allocation is described as 'Structured to Maximize Google Support'
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925079466/tm2523651d1_ex99-2.htm) in full (2,470 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523651d1_ex99-2.htm)
Quote: “Fluidstack Debt Financing”