Akela - Fluidstack Data Center Lease - 378 MW
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Akela will provide 378 MW of critical IT load at Lake Mariner under data center lease agreements with Fluidstack, with construction commenced in 2025 and delivery expected to commence in 2026
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 August 2025, Akela entered into three data center lease agreements (the "Akela Fluidstack Leases") with Fluidstack USA I Inc. (together with its affiliates, "Fluidstack"), a leading AI cloud platform. Under the Akela Fluidstack Leases, we will provide 378 MW of critical IT load at the Lake Mariner Data Campus. The Akela facilities are being developed in multiple phases, with construction having commenced in 2025 and delivery expected to commence in 2026.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states the 378 MW capacity, the 2025 construction start and the expected 2026 delivery start for the Akela Fluidstack leases.
Confirmed in the source:
- Akela entered into data center lease agreements with Fluidstack
- Under the Akela Fluidstack leases, TeraWulf will provide 378 MW of critical IT load at the Lake Mariner Data Campus
- Construction on the Akela facilities commenced in 2025
- Delivery of the Akela facilities is expected to commence in 2026
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000031/0001083301-26-000031.pdf) in full (556,251 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View 10-K PDF
Quote: “In August 2025, Akela entered into three data center lease agreements (the "Akela Fluidstack Leases") with Fluidstack USA I Inc. (together with its affiliates, "Fluidstack"), a leading AI cloud platform. Under the Akela Fluidstack Leases, we will provide 378 MW of critical IT load at the Lake Mariner Data Campus. The Akela facilities are being developed in multiple phases, with construction having commenced in 2025 and delivery expected to commence in 2026.”