Akela Fluidstack lease agreements
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Akela will provide 378 MW of critical IT load at Lake Mariner under three data center lease agreements with Fluidstack USA I Inc., with construction commenced in 2025 and delivery expected to commence in 2026
Source (primary)
TeraWulf 10-K filed 2026-02-27 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “In August 2025, Akela entered into three data center lease agreements (the "Akela Fluidstack Leases") with Fluidstack USA I Inc. ... 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 September 16, 2026. The cited source supports every part of this claim.
The filing's Akela section states the date, counterparty, number of leases, 378 MW capacity, and construction and delivery timing.
Confirmed in the source:
- Akela entered into three data center lease agreements with Fluidstack USA I Inc. in August 2025
- The Akela Fluidstack Leases cover 378 MW of critical IT load at the Lake Mariner Data Campus
- Construction of the Akela facilities commenced in 2025
- Delivery under the Akela Fluidstack Leases is expected to commence in 2026
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 August 2025, Akela entered into three data center lease agreements (the "Akela Fluidstack Leases") with Fluidstack USA I Inc. ... 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.”