Google backstop agreement
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Google agreed to backstop certain obligations of Fluidstack under Fluidstack Lease, with option to pay termination fee or assume lease upon Fluidstack default or insolvency
Source (primary)
TeraWulf 8-K filed 2025-08-18 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Google has agreed to backstop (the "Google BackStop") certain obligations of Fluidstack under the Fluidstack Lease... In the event of a payment default under the Fluidstack Lease, or if Fluidstack becomes subject to an insolvency event, following notice from Akela, Google will have the option to either (i) pay the termination fee under the Fluidstack Lease or (ii) pay all rent currently due under the Fluidstack Lease and assume the Fluidstack Lease as the tenant thereunder.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms TeraWulf 8-K filed 2025-08-18
Quote: “Google has agreed to backstop (the "Google BackStop") certain obligations of Fluidstack under the Fluidstack Lease... In the event of a payment default under the Fluidstack Lease, or if Fluidstack becomes subject to an insolvency event, following notice from Akela, Google will have the option to either (i) pay the termination fee under the Fluidstack Lease or (ii) pay all rent currently due under the Fluidstack Lease and assume the Fluidstack Lease as the tenant thereunder.”