Fluidstack data center lease commitment
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Akela will provide 378 MW of critical IT load to Fluidstack under three data center lease agreements
Source (primary)
TeraWulf 424B5 filed 2026-04-14 (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. (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.”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The Akela section describes three leases with Fluidstack covering 378 MW of critical IT load at Lake Mariner.
Confirmed in the source:
- Akela entered into three data center lease agreements with Fluidstack
- Akela will provide 378 MW of critical IT load under those leases
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465926043250/tm2611661-3_424b5.htm) in full (221,842 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 424B5 filed 2026-04-14
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.”