Fluidstack Hyperscale Lease
Company: TeraWulf
The claim, verbatim
Fluidstack has a 10-year hyperscale lease worth $3.7 billion with TeraWulf
Source (primary)
Q2 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗
Quote: “10-year, $3.7Bn hyperscale lease with Fluidstack”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The document cites a 10-year, $3.7Bn hyperscale lease with Fluidstack, described as about $3.7Bn of contract value over the initial 10-year terms.
Confirmed in the source:
- Fluidstack has a hyperscale lease with TeraWulf
- The lease has a 10-year term
- The lease is worth about $3.7 billion
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23302/pdf/WULF_Q2_2025_Investor_Update_%28Aug_2025%29vF.pdf) in full (17,599 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 Earnings Update Presentation
Quote: “10-year, $3.7Bn hyperscale lease with Fluidstack”