Google 8.0% stake in WULF
Company: TeraWulf
The claim, verbatim
An 8.0% stake in WULF is structured for the benefit of lenders during construction, alongside the backstop of Fluidstack obligations.
Source (primary)
Fluidstack Deal Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “8.0% Stake in WULF Structured for Benefit of Lenders During Construction”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The deal summary lists the 8.0% WULF stake structured for lenders during construction next to the $1.8Bn backstop of Fluidstack obligations. The slide itself does not name who holds the stake, though the claim text does not assert that either.
Confirmed in the source:
- There is an 8.0% stake in WULF
- The stake is structured for the benefit of lenders during construction
- The stake is presented alongside a backstop of $1.8 billion of Fluidstack obligations
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23303/pdf/WULF_Fluidstack_Lease_Announcement_%28Aug_2025%29vF.pdf) in full (7,012 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Fluidstack Deal Presentation
Quote: “8.0% Stake in WULF Structured for Benefit of Lenders During Construction”
confirms Fluidstack Deal Presentation
Quote: “8.0% Stake in WULF Structured for Benefit of Lenders During Construction”