Fluidstack data center leases
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Akela will provide 378 MW of critical IT load to Fluidstack across multiple phases, with delivery expected to commence in 2026
Source (primary)
TeraWulf 424B5 filed 2026-04-15 (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. 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 15, 2026. The cited source supports every part of this claim.
The filing states Akela will provide 378 MW to Fluidstack, developed in phases, with delivery expected to begin in 2026.
Confirmed in the source:
- Akela will provide 378 MW of critical IT load under leases with Fluidstack
- The Akela facilities are being developed in multiple phases
- Delivery is expected to commence in 2026
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465926043376/tm2611661-6_424b5.htm) in full (221,840 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 424B5 filed 2026-04-15
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.”