Fluidstack USA I 378 MW hosting agreement at Akela
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Akela entered into three data center lease agreements with Fluidstack USA I Inc. in August 2025 to provide 378 MW of critical IT load at Lake Mariner Data Campus
Source (primary)
TeraWulf 10-K filed 2026-02-27 (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 16, 2026. The cited source supports every part of this claim.
The 10-K states the August 2025 date, the three leases with Fluidstack USA I Inc., and the 378 MW of critical IT load.
Confirmed in the source:
- Akela entered into three data center lease agreements in August 2025
- The counterparty is Fluidstack USA I Inc.
- The leases cover 378 MW of critical IT load at the Lake Mariner Data Campus
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm) in full (490,491 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2026-02-27
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.”