Abernathy Joint Venture with Fluidstack - 50.1% ownership
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
TeraWulf entered into amended and restated joint venture agreement with Fluidstack CS I Inc. in October 2025 to develop, lease and operate the Abernathy HPC Campus, with TeraWulf holding 50.1% ownership
Source (primary)
View 10-K PDF (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
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
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Additional evidence
confirms View 10-K PDF
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.”