Fluidstack 10-year leases at Lake Mariner
Company: TeraWulf - Project: Akela Data
The claim, verbatim
WULF Compute signed three 10-year leases with Fluidstack covering 360+ MW of critical IT load at Lake Mariner (CB-3, CB-4 & CB-5), with ~$6.7Bn contract value over the initial 10-year terms.
Source (primary)
WULF Expands Fluidstack Deal (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-10-13)Live source ↗
Quote: “WULF Compute Signs Three 10-Year Leases with Fluidstack, Including 160+ MW CB-5 Expansion 360+ MW Critical IT Load Under Contract at Lake Mariner (CB-3, CB-4 & CB-5) ~$6.7Bn Contract Value Over Initial 10-Year Terms”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The deck's summary slide states each element: three 10-year Fluidstack leases, 360+ MW across CB-3, CB-4 and CB-5 at Lake Mariner, and about $6.7Bn of contract value over the initial terms.
Confirmed in the source:
- WULF Compute signed three 10-year leases with Fluidstack
- The leases cover 360+ MW of critical IT load at Lake Mariner (CB-3, CB-4 and CB-5)
- The contract value is about $6.7Bn over the initial 10-year terms
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23304/pdf/WULF_Expands_Fluidstack_Deal_August_2025.pdf) in full (11,936 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WULF Expands Fluidstack Deal
Quote: “WULF Compute Signs Three 10-Year Leases with Fluidstack, Including 160+ MW CB-5 Expansion 360+ MW Critical IT Load Under Contract at Lake Mariner (CB-3, CB-4 & CB-5) ~$6.7Bn Contract Value Over Initial 10-Year Terms”