Fluidstack data center lease
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Akela entered into 10-year Datacenter Lease Agreement for CB-5 with Fluidstack USA I Inc. at Lake Mariner data center campus; rent obligations commence at completion
Source (primary)
TeraWulf 8-K filed 2025-08-18 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Akela had entered into a Datacenter Lease Agreement for colocation building number 5 ("CB-5") (the "Fluidstack Lease") with Fluidstack USA I Inc., a Delaware corporation ("Fluidstack")... Fluidstack's obligations to pay rent under the Fluidstack Lease begin on the completion date of the lease and continue for a 10-year term.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing describes Akela's CB-5 lease with Fluidstack USA I Inc. at Lake Mariner, with rent starting at completion and running for a 10-year term.
Confirmed in the source:
- Akela entered into a Datacenter Lease Agreement for colocation building number 5 (CB-5)
- The counterparty is Fluidstack USA I Inc.
- The leased property is at TeraWulf's Lake Mariner data center campus in upstate New York
- Fluidstack's rent obligations begin on the completion date of the lease
- Rent obligations continue for a 10-year term
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925079463/tm2523651d3_8k.htm) in full (10,584 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-08-18
Quote: “Akela had entered into a Datacenter Lease Agreement for colocation building number 5 ("CB-5") (the "Fluidstack Lease") with Fluidstack USA I Inc., a Delaware corporation ("Fluidstack")... Fluidstack's obligations to pay rent under the Fluidstack Lease begin on the completion date of the lease and continue for a 10-year term.”