Fluidstack USA III 168 MW 25-year hosting agreement for Abernathy
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
Abernathy HPC Campus is designed for 168 MW critical IT load fully pre-leased to Fluidstack USA III under a 25-year data center lease with built-in rent escalators and term contraction options
Source (primary)
TeraWulf 10-K filed 2026-02-27 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Abernathy HPC Campus is designed for 168 MW critical IT load, representing the full build-out of the site. This capacity is fully pre-leased to Fluidstack USA III under a 25-year data center lease with built-in rent escalators and options for term contraction”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The filing states the 168 MW design, the full pre-lease to Fluidstack USA III, and the 25-year term with escalators and contraction options.
Confirmed in the source:
- The Abernathy HPC Campus is designed for 168 MW of critical IT load, representing the full build-out of the site
- The capacity is fully pre-leased to Fluidstack USA III
- The lease is a 25-year data center lease with built-in rent escalators and options for term contraction
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: “The Abernathy HPC Campus is designed for 168 MW critical IT load, representing the full build-out of the site. This capacity is fully pre-leased to Fluidstack USA III under a 25-year data center lease with built-in rent escalators and options for term contraction”