Slide 1: WULF Compute Signs 10-Year AI Hosting Agreement with Fluidstack
WULF Compute Signs 1 0 - Year AI Hosting Agreement with Fluidstack 20 0+ MW Hyperscale Colocation at Lake Mariner | ~$ 3.7 Billion in Contracted Revenue Deal Announcement | August 2025
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation is for informational purposes only and contains forward - looking statements within the meaning of the “safe har bor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward - looking statements include statements concernin
Slide 3: Transaction Overview: WULF Compute Signs 10-Year Lease with Fluidstack
Transaction Overview WULF Compute Signs 10 - Year Lease with Fluidstack Fluidstack has 30 - day exclusivity for CB - 5, adding potential 160 MW Critical IT Load 200+ MW contracted capacity to be delivered by YE 202 6 3 200+ MW Critical IT Load Under Contract at Lake Mariner (CB - 3 & CB - 4) ~$3.7Bn
Slide 4: Strategic Significance: Transformational Agreement with Tier 1 Counterparties
Strategic Significance Transformational Agreement with Tier 1 Counterparties 4 Demonstrates hyperscaler - grade infrastructure readiness TeraWulf orchestrates the integration of capital, compute infrastructure and grid - scale energy to deliver complex AI projects across multiple counterparties Stre
Slide 5: Compelling Economics
Compelling Economics 5 Highly Predictable, High - Margin Revenue Efficient Cost Structure » ~$370MM average annual contracted revenue » Expected to generate ~$315MM of annual site Net Operating Income (“NOI”) (~85% site NOI margin) » Modified gross lease structure with annual escalators » Capex of $
Slide 6: Purpose-Built, Predominantly Zero-Carbon Infrastructure
Purpose - Built, Predominantly Zero - Carbon Infrastructure Lake Mariner is a World - Class Data Center Campus 6 • gg • 500 MW power available , plus another 250 MW pending regulatory approval (750 MW total) • Dual 345 kV transmission feeds ; designed with no reliance on diesel backup generators • C
Slide 7: Fluidstack: A Premier AI Cloud Platform Provider
Fluidstack is a high - performance cloud platform designed for the world’s most ambitious technology companies. Founded in 2017 at Oxford University, Fluidstack powers leading innovators such as Moonvalley , Character.AI, Poolside, and Black Forest Labs. Fluidstack provides rapid access to exascale