Fluidstack 10-year lease at Lake Mariner
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
WULF Compute signed a 10-year lease with Fluidstack for 200+ MW critical IT load at Lake Mariner (CB-3 & CB-4), with ~$3.7Bn contract value over initial 10-year terms.
Source (primary)
Fluidstack Deal Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗
Quote: “WULF Compute Signs 10-Year Lease with Fluidstack 200+ MW Critical IT Load Under Contract at Lake Mariner (CB-3 & CB-4) ~$3.7Bn 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.
TeraWulf's August 2025 deal announcement states each element of this claim: the 10-year Fluidstack lease, the 200+ MW at Lake Mariner CB-3 and CB-4, and the ~$3.7 billion contract value.
Confirmed in the source:
- WULF Compute signed a 10-year lease with Fluidstack
- The lease covers 200+ MW of critical IT load at Lake Mariner
- The contracted capacity is in buildings CB-3 and CB-4
- Contract value is approximately $3.7 billion 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/2396/23303/pdf/WULF_Fluidstack_Lease_Announcement_%28Aug_2025%29vF.pdf) in full (7,012 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Fluidstack Deal Presentation
Quote: “WULF Compute Signs 10-Year Lease with Fluidstack 200+ MW Critical IT Load Under Contract at Lake Mariner (CB-3 & CB-4) ~$3.7Bn Contract Value Over Initial 10-Year Terms”