Fluidstack lease structure
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
The Fluidstack leases are structured as modified gross leases with annual escalators.
Source (primary)
terawulf 8-K exhibit (tm2523008d2_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “Lease Structure: Modified gross lease with annual escalators”
How we checked this
Checked on October 8, 2026. The cited source supports every part of this claim.
The transaction highlights list the lease structure as a modified gross lease with annual escalators.
Confirmed in the source:
- The Fluidstack leases are structured as modified gross leases with annual escalators
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925078084/tm2523008d2_ex99-1.htm) in full (10,293 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523008d2_ex99-1.htm)
Quote: “Lease Structure: Modified gross lease with annual escalators”