Fluidstack 10-year $3.7Bn lease
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
TeraWulf signed a 10-year hyperscale lease with Fluidstack for 200+ MW critical IT load at Lake Mariner (CB-3 & CB-4) worth approximately $3.7 billion in contracted revenue.
Source (primary)
terawulf 8-K exhibit (tm2523008d1_ex99-3.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “10 - year, $3.7Bn hyperscale lease with Fluidstack”
How we checked this
Checked on October 8, 2026. The cited source supports every part of this claim.
The Fluidstack slide describes a 10-year, ~$3.7Bn hyperscale lease for 200+ MW of critical IT load at Lake Mariner's CB-3 and CB-4.
Confirmed in the source:
- TeraWulf executed a hyperscale lease with Fluidstack
- The lease has a 10-year initial term
- The lease covers 200+ MW of critical IT load at Lake Mariner (CB-3 & CB-4)
- The lease represents approximately $3.7 billion in contracted revenue
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925078086/tm2523008d1_ex99-3.htm) in full (18,636 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523008d1_ex99-3.htm)
Quote: “10 - year, $3.7Bn hyperscale lease with Fluidstack”