Google Backstop Guarantee
Company: TeraWulf
The claim, verbatim
Google backstops $1.8 billion of Fluidstack's lease obligations in support of project debt
Source (primary)
Q2 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗
Quote: “Google backstops $1.8Bn of Fluidstack's lease obligations in Support of Project Debt”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The document states Google backstops $1.8Bn of Fluidstack's lease obligations and describes a '$1.8Bn Google Backstop of Fluidstack Obligations in Support of Project Debt'.
Confirmed in the source:
- Google backstops $1.8 billion of Fluidstack's lease obligations
- The backstop is in support of project debt
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: “Google backstops $1.8Bn of Fluidstack's lease obligations in Support of Project Debt”