25-year lease for Abernathy site
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
TeraWulf has a 25-year lease for 120 acres in Abernathy, TX
Source (primary)
Majority-Owned Joint Venture with Fluidstack for 168 MW in Texas (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “25-yr lease (1) for 120 acres in Abernathy, TX”
How we checked this
Checked on October 10, 2026. The cited source supports part of this claim, but not all of it.
The presentation confirms a 25-year lease for 120 acres in Abernathy, though it notes the term can be shortened. It does not state that TeraWulf, as opposed to the joint venture, is the lessee.
Confirmed in the source:
- There is a 25-year lease covering 120 acres in Abernathy, Texas
- A footnote says the lease term may be shortened to 20 or 15 years under contractual options
We could not confirm this from the cited source:
- The presentation does not say whether TeraWulf itself, rather than the joint venture, holds the Abernathy lease
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23305/pdf/Abernathy_JV_Announcement_Pres_Oct_2025vF.pdf) in full (7,261 characters, retrieved September 1, 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”