Lease structure and power pass-through
Company: TeraWulf
The claim, verbatim
The lease uses a modified gross structure with annual escalators, and power costs are 100% passed through to the tenant.
Source (primary)
Fluidstack Deal Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-11-05)Live source ↗Archive.org ↗
Quote: “Modified gross lease structure with annual escalators ➢ Capex of $8-$10MM per MW of critical IT load ➢ Low-cost, largely zero- carbon power, 100% passed-through to tenant”
How we checked this
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Additional evidence
confirms Fluidstack Deal Presentation
Quote: “Modified gross lease structure with annual escalators ➢ Capex of $8-$10MM per MW of critical IT load ➢ Low-cost, largely zero- carbon power, 100% passed-through to tenant”