Exclusive Fluidstack JV options for future capacity

Checked on October 10, 2026. The cited source supports part of this claim, but not all of it.

The 336 MW total and both 168 MW components are stated. However, the 2027-2028 timing is given only for Abernathy Phase II, and the new site is listed as TBD.

Confirmed in the source:

• TeraWulf has exclusive Fluidstack JV options totaling 336 MW
• The options include Abernathy Phase II at 168 MW
• The options include a new site at 168 MW
• Abernathy Phase II timing is 2027-2028

We could not confirm this from the cited source:

• The 2027-2028 timing applies to the full 336 MW; the document lists the new site's location and timing as TBD

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/2396/23306/pdf/WULF_Q3_2025_Investor_Update_%28Nov_2025%29vF.pdf) in full (31,442 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.

confirms Investor Presentation

Quote: “Exclusive Fluidstack JV Options – 336 MW • 2027-2028: Abernathy Phase II -- 168 MW • New Site: TBD – 168 MW”

View cached copy (2026-09-01)Live source ↗