Fluidstack compute deals
Public agreements, delivery targets, and source evidence for Fluidstack.
Market overview
The commitments behind the buildout
Selected public agreements. Amounts follow the selected filters. Compute purchases and the facilities hosting them can describe the same capacity.
| Layer | Stated amount | Up to | More than |
|---|---|---|---|
| Compute purchases | — | — | — |
| IT power leases | — | — | 200 MW |
| Campus projects | — | — | — |
Upper limits are not firm commitments. Minimums are not exact totals. Each column stands alone; the three layers must not be added together.
Compute purchase agreements
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Stated contract values, over their full terms
Additional upper-limit values
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Additional minimum values
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0 agreements with comparable USD values. Excludes financing, construction budgets, monthly fees, and overlapping contract updates. These are purchase commitments, not annual capital expenditure.
Compare buyers · 1 companies
| Buyer / developer | Agreements | Compute: stated | Compute: up to | Compute: over | Dated targets |
|---|---|---|---|---|---|
| Fluidstack | 1 | — | — | — | 1 of 1 |
Time to Power
When is capacity expected?
1 dated targets · 0 without a first-capacity window
0 elapsed targets await delivery evidence
Delivery confirmation is still needed for these records. An elapsed target alone does not establish a delay.
Actual time to power: not established
Company targets describe expected availability. Measured time to power requires a dated start and site-level energization evidence.
Reported delivery
TeraWulf / Fluidstack · MW undisclosed · partial lease commencement
One Fluidstack lease had partially commenced by June 30. Customer-specific delivered MW are undisclosed; the original approximately 40 MW tranche is not confirmed in full.
2026
Delivery reported
Lake Mariner, New York, US · First approximately 40 MW targeted for first half of 2026
First compute capacity · A first phase may cover only part of the agreement.
How to read these dates and figures
Dates are the original announced windows. A vague year keeps a full-year range; construction completion and equipment release dates are excluded. 0 announcements disclose no MW allocation. 0 quantified records are excluded from capacity comparisons because their scope is not comparable or overlaps. Export the CSV for the source, quantity terms, and inclusion basis of each agreement.
1 announcement
| Announced | Buyer / partner | Value | Capacity | Location / timing | Details |
|---|---|---|---|---|---|
| Aug 14, 2025 | Fluidstack TeraWulf Campus build | Undisclosed | 200+ MW Critical IT load; approximately 250 MW gross facility capacity | Lake Mariner, New York, US First approximately 40 MW targeted for first half of 2026 Delivery reported | Agreement signedDeal detailsTwo ten-year hosting agreements. Approximately $3.7B initial-term revenue; $8.7B includes optional extensions. Google’s $1.8B backstop and warrants are financing support, not another compute purchase. The 160 MW expansion is separate. The August 2026 filing reports partial lease commencement by June 30, with later phases extending into early 2027. Its 102 MW energized figure covers Lake Mariner across customers, not a Fluidstack allocation. TeraWulf August 14 announcement ↗TeraWulf August 5, 2026 filing, lease commencement ↗Assess this deal |