Abernathy HPC Campus joint venture with Fluidstack
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
Company entered into amended and restated joint venture agreement with Fluidstack CS I Inc. in October 2025 holding 50.1% ownership interest in FS CS 1 LLC to develop, lease and operate Abernathy HPC Campus
Source (primary)
TeraWulf 10-K filed 2026-02-27 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “In October 2025, the Company entered into an amended and restated limited liability company agreement (the Abernathy Joint Venture Agreement) with Fluidstack CS I Inc. (the Fluidstack Member) to govern the terms of operation of FS CS 1 LLC (the Abernathy Joint Venture), which will develop, lease and operate the Abernathy HPC Campus. The campus is being developed through a joint venture in which the Company holds a 50.1% ownership interest.”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The filing reports the October 2025 amended and restated joint venture agreement with Fluidstack CS I Inc. and TeraWulf's 50.1% interest.
Confirmed in the source:
- In October 2025 the Company entered an amended and restated limited liability company agreement with Fluidstack CS I Inc.
- The agreement governs FS CS 1 LLC, the Abernathy Joint Venture, which will develop, lease and operate the Abernathy HPC Campus
- The Company holds a 50.1% ownership interest in the joint venture
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm) in full (490,491 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2026-02-27
Quote: “In October 2025, the Company entered into an amended and restated limited liability company agreement (the Abernathy Joint Venture Agreement) with Fluidstack CS I Inc. (the Fluidstack Member) to govern the terms of operation of FS CS 1 LLC (the Abernathy Joint Venture), which will develop, lease and operate the Abernathy HPC Campus. The campus is being developed through a joint venture in which the Company holds a 50.1% ownership interest.”