Google $1.8B backstop of Fluidstack lease
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Google backstops $1.8 billion of Fluidstack's lease obligations in support of project debt.
Source (primary)
Q2 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “Google backstops $1.8Bn of Fluidstack's lease obligations”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The document states that Google backstops $1.8Bn of Fluidstack's lease obligations and describes this as being in support of project debt.
Confirmed in the source:
- Google backstops $1.8 billion of Fluidstack's lease obligations
- The Google backstop is in support of project debt
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23302/pdf/WULF_Q2_2025_Investor_Update_%28Aug_2025%29vF.pdf) in full (17,599 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 Earnings Update Presentation
Quote: “Google backstops $1.8Bn of Fluidstack's lease obligations”