Fluidstack lease agreement for Lake Mariner data center
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Akela leased property at Lake Mariner data center campus to Fluidstack USA I Inc. under two datacenter lease agreements for 10-year terms with rent payments beginning upon completion dates for each phase
Source (primary)
TeraWulf 8-K filed 2025-08-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Akela has agreed to lease property at the Company's Lake Mariner data center campus in upstate New York to Fluidstack, including all structures, equipment, facilities and fixtures located thereon (the "Premises")... Fluidstack's obligations to pay rent under each of the Fluidstack Leases begin on the completion date for each 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 two lease agreements between Akela and Fluidstack USA I Inc. for Lake Mariner property. Under each lease, rent begins on its completion date and runs for a 10-year term.
Confirmed in the source:
- Akela, a TeraWulf indirect subsidiary, agreed to lease property at the Lake Mariner data center campus to Fluidstack USA I Inc.
- The arrangement consists of two Datacenter Lease Agreements
- Fluidstack's rent obligations under each lease begin on that lease's completion date
- Each lease runs for a 10-year term
- The Premises are to be delivered in two phases
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925078084/tm2523008d2_8k.htm) in full (11,558 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-08-14
Quote: “Akela has agreed to lease property at the Company's Lake Mariner data center campus in upstate New York to Fluidstack, including all structures, equipment, facilities and fixtures located thereon (the "Premises")... Fluidstack's obligations to pay rent under each of the Fluidstack Leases begin on the completion date for each lease and continue for a 10-year term”