Google lease backstop $4.5Bn
Company: TeraWulf
The claim, verbatim
Google backstops a total of $4.5Bn of Fluidstack's lease obligations across all leases.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
Quote: “Google backstops totaling $4.5Bn of Fluidstack's lease obligations”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The presentation states Google backstops $4.5Bn of Fluidstack's lease obligations, with a footnote clarifying this is across all leases.
Confirmed in the source:
- Google backstops a total of $4.5Bn of Fluidstack's lease obligations
- The $4.5Bn backstop figure is across all leases
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23306/pdf/WULF_Q3_2025_Investor_Update_%28Nov_2025%29vF.pdf) in full (31,442 characters, retrieved October 13, 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”