Deal · Asset Sale · Signed
TeraWulf sells its Abernathy joint-venture interest to a Fluidstack-led group
TeraWulf agreed to sell its interest in the Abernathy joint venture, which is developing an AI data-center campus in Abernathy, Texas, to purchasers led by Fluidstack. The price is paid in three installments.
- Aggregate consideration
- about $530M
- Signed · 8-K
- Abernathy campus critical IT load
- 168 MW
- 8-K
Amounts
Each number with its type, status and the sentence it comes from
| Amount | Value | Status | Source |
|---|---|---|---|
Aggregate considerationPurchase price · Fluidstack → TeraWulf“The aggregate consideration payable to the TeraWulf Member in the Transaction is approximately $530 million, payable in three installments” | about $530M | Signed | 8-K ↗ |
Capacity and counts
| Measure | Value | Source |
|---|---|---|
Abernathy campus critical IT load“The Abernathy Joint Venture was established in 2025 to develop a 168 MW critical IT load AI data center campus in Abernathy, Texas.” | 168 MW | 8-K ↗ |
Participants
Roles as the source names them
| Organization | Role | Type | Note |
|---|---|---|---|
| TeraWulf | Seller | Data centers | Through its subsidiary Big Country Wulf LLC |
| Fluidstack | Acquirer | Neocloud | Fluidstack CS I Inc. and other purchasers |
Key terms
- Interest sold
- TeraWulf's entire 50.1% ownership interest in the Abernathy joint venture. 8-K ↗
“TeraWulf will sell its entire 50.1% ownership interest in the Abernathy Joint Venture to an investor group led by Fluidstack”
- Installments
- $250 million within 14 days, $150 million by December 31, 2026, and about $130 million by April 30, 2027. 8-K ↗
“(i) $250 million within 14 days following execution of the Purchase Agreement, (ii) $150 million on or before December 31, 2026, and (iii) approximately $130 million, subject to certain adjustments, on or before April 30, 2027.”
Context
Anthropic and TeraWulf 20-year data-center lease
Jul 6, 2026 · Reported in the same 8-K.
Sources
- SEC EDGAR (TeraWulf Inc.), “TeraWulf Form 8-K, July 6, 2026 (Justified Data Campus lease and Abernathy transaction)”, Jul 6, 2026 · Form 8-K, accession 0001104659-26-080583 · retrieved Oct 21, 2026
- SEC EDGAR (TeraWulf Inc.), “TeraWulf press release, July 6, 2026 (Exhibit 99.1): Anthropic lease at Justified Data Campus and sale of Abernathy interest to Fluidstack”, Jul 6, 2026 · Form 8-K, accession 0001104659-26-080583 · retrieved Oct 21, 2026
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