secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2025-08-18T23:59:59+00:00
Accession:  0001104659-25-079463
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000110465925079463/0001104659-25-079463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000110465925079463/tm2523651d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-079463

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer