Abernathy site lease and interconnection
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
25-year lease for 120 acres in Abernathy, TX (SPP, Xcel Energy/SPS territory) with 345 kV interconnection.
Source (primary)
Majority-Owned Joint Venture with Fluidstack for 168 MW in Texas (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
Quote: “25-yr lease (1) for 120 acres in Abernathy, TX (SPP)”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The site slide lists each of these details. A footnote notes the lease term may be shortened to 20 or 15 years under certain contractual options.
Confirmed in the source:
- The Abernathy site is held under a 25-year lease
- The Abernathy lease covers 120 acres
- The site is in Abernathy, Texas
- The Abernathy site is on the SPP grid
- The Abernathy site is in Xcel Energy's Southwestern Public Service Company service territory
- The Abernathy site has a 345 kV interconnection
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23305/pdf/Abernathy_JV_Announcement_Pres_Oct_2025vF.pdf) in full (7,261 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Majority-Owned Joint Venture with Fluidstack for 168 MW in Texas
Quote: “25-yr lease (1) for 120 acres in Abernathy, TX (SPP)”