Terawulf Inc.
TeraWulf Announces 200+ MW Data Center Lease with Fluidstack, Backed by Google
Summary
On August 13, 2025, TeraWulf Inc. announced that its subsidiary Akela Data LLC entered into two Datacenter Lease Agreements with Fluidstack USA I Inc. for over 200 MW of critical IT load at its Lake Mariner data center campus in New York. The agreements are backed by Google LLC, which has backstopped $1.8 billion of Fluidstack's obligations and received warrants for approximately 8% equity in TeraWulf. Akela also agreed to pay CBRE, Inc. commissions in connection with the leases. The Company issued a press release and investor presentation on August 14, 2025, announcing the transactions.
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About Terawulf Inc.
Terawulf Inc. is a company specializing in sustainable crypto mining practices, an increasingly important aspect of the burgeoning blockchain and cryptocurrency sectors. Terawulf operates by harnessing environmentally conscious solutions to power its data centers, aimed at reducing the carbon footprint typically associated with cryptocurrency mining operations. This commitment to sustainability is reflected in their strategic choice of locations and energy sources, often leveraging renewable resources to fuel mining activities. The company's operations are crucial in addressing the environmental concerns within the crypto industry, striving to make digital currencies more eco-friendly. Positioned at the intersection of tech innovation and environmental stewardship, Terawulf plays a significant role in pushing the market towards greener technological solutions and supports the broader adoption of digital assets by reducing the environmental impact of their production.
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