Google backstop of Fluidstack leases
Company: TeraWulf
The claim, verbatim
Google backstops a total of $4.5 billion of Fluidstack's lease obligations across all leases.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “Google backstops totaling $4.5Bn of Fluidstack's lease obligations”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The presentation states the $4.5Bn Google backstop of Fluidstack's lease obligations and footnotes it as across all leases.
Confirmed in the source:
- Google backstops $4.5 billion of Fluidstack's lease obligations
- The $4.5 billion figure applies across all leases
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23306/pdf/WULF_Q3_2025_Investor_Update_%28Nov_2025%29vF.pdf) in full (31,442 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “Google backstops totaling $4.5Bn of Fluidstack's lease obligations”