TeraWulf signs 160 MW CB-5 lease with Fluidstack; Google backstop rises to $3.2B

TERAWULF INC.

CB-5 adds 160 MW critical IT load; total Fluidstack contracted capacity at Lake Mariner reaches ~360 MW.
Lease contributes $6.7B contracted revenue; potential $16B with extensions.
Google provides $1.4B incremental backstop (total $3.2B) and receives warrants for 32.5M shares (14% pro forma stake).
Construction expected to complete by year-end 2026; lease term 10 years.
TeraWulf and Fluidstack discussing additional capacity expansions.

item 1.01item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.