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The Markets Desk — Week 46 · Wed 11 Nov 2026
Compute · a party on the Ledger

Fluidstack

8 deals · Tenant ×7 · Provider ×1

Fluidstack’s company pageIn the LedgerThe compute board
Every published deal Fluidstack is on, newest first
AnnouncedDealRoleKindSizeSource
25 Sept 2026An unnamed AI lab commits to a 10-year Barber Lake lease following Fluidstack's term, ~$5.2B; Fluidstack lease re-phasedTenantSite lease$5.2BCipher Digital 8-K, 2026-09-25
17 Dec 2025Fluidstack signs a 15-year, $7.0B lease for 245 MW at Hut 8's River Bend campus, Louisiana, with a Google backstopTenantSite lease$7BHut 8 8-K Ex. 99.1, 2025-12-17
12 Nov 2025Anthropic announces a $50B investment in US data centers built with Fluidstack in Texas and New YorkProviderCapacity contract$50BAnthropic announcement, 2025-11-12
28 Oct 2025TeraWulf and Fluidstack form a JV for a 168 MW Abernathy, Texas campus under a 25-year, ~$9.5B lease; Google backstops $1.3BTenantSite lease$9.5BTeraWulf 8-K Ex. 99.1, 2025-10-28
25 Sept 2025Fluidstack leases Cipher's 168 MW Barber Lake site for 10 years, ~$3B of contracted revenueTenantSite lease$3BCipher Mining 8-K Ex. 99.1, 2025-09-25
25 Sept 2025Google backstops $1.4B of Fluidstack's Barber Lake lease obligations and receives warrants for ~5.4% of CipherTenantBackstop$1.4BCipher Mining 8-K, 2025-09-25
14 Aug 2025Fluidstack leases >200 MW at TeraWulf's Lake Mariner campus for 10 years, ~$3.7B of contracted revenueTenantSite lease$3.7BTeraWulf 8-K Ex. 99.1, 2025-08-14
14 Aug 2025Google backstops $1.8B of Fluidstack's Lake Mariner lease obligations and receives warrants for ~8% of TeraWulfTenantBackstop$1.8BTeraWulf 8-K, 2025-08-14

Facts only · every row read in its source · a party is matched by its name as the deals state it