Abernathy HPC Campus
Abernathy, Hale County, TX · ERCOT
AnnouncedPartially sourcedStatus confidence: lowunknown
Majority-owned JV (TeraWulf 51%) delivering 168MW critical IT to Fluidstack for HPC; 25-year hosting commitment ~$9.5B contracted revenue to JV. Construction completion / delivery expected 2H 2026, located in SPP grid.
Announced capacity
168 MW
Operational capacity
Unknown
First power
Unknown
Owner
Not publicly disclosed
Developer
What we know
- Status: Announced
- Announced campus capacity: 168 MW
- Developed by TeraWulf Inc. (51% majority JV with Fluidstack); tenant Fluidstack (Google-backed)
What remains unknown
- No utility-approved grid capacity on record
- No interconnection queue position identified
- No behind-the-meter generation identified
- No operational capacity on record
- Investment amount not publicly disclosed
- Gas supply not confirmed
- Water supply not confirmed
- Land position not established
Overview
The essential facts on record for this project and how confident we are in them.
Codename
Unknown
Alternate names
Unknown
Type
unknown
County
Hale County
State / province
TX
City
Abernathy
Market
Unknown
ISO / RTO
ERCOT
Utility
Images & site
Site imagery and location context.
No imagery on record yet.
Coordinates
33.8268, -101.8521(approximate — county-level)
Gross acres
Unknown
Net developable acres
Unknown
Contiguous usable acres
Unknown
Companies & participants
2 on recordEvery organization and person with a known role in this project, with the evidence behind each relationship.
| Role | Party | Assertion | Confidence | Start | End |
|---|---|---|---|---|---|
| developer | TeraWulf Inc. (51% majority JV with Fluidstack) | reported | low | Unknown | current |
| tenant | Fluidstack (Google-backed) | reported | low | Unknown | current |
Capacity & phases
How big this project is, by each distinct measure. These figures measure different things and are never added together.
Announced campus capacity168 MWactualreported
All current records
| Type | Kind | Scope | Value | As of | Assertion | Confidence |
|---|---|---|---|---|---|---|
| announced campus | actual | Campus | 168 MW |
Grid power
0 grid connectionsThe project's path to utility power: interconnection requests, approvals, and delivery infrastructure.
No grid connection records for this project.
Behind-the-meter generation
0 unit groupsPower generated on site without going through the utility grid.
Grid and behind-the-meter supply are modeled separately.
No behind-the-meter generation records for this project.
Natural gas
0 supply recordsGas supply arrangements feeding on-site generation.
No gas supply records for this project.
Water & cooling
0 source recordsWhere the project's water comes from and how the facilities are cooled.
No water supply records for this project.
Cooling technology (facilities)
No campus is linked to this project; no facility cooling data.
Fiber & connectivity
0 routesNetwork connectivity: routes, carriers, and diversity.
No fiber route records for this project.
Land & expansion
The land under the project and how far the site could ultimately grow.
Gross, net developable, contiguous usable, and adjacent expansion acreage are distinct figures and are never conflated. Contiguous usable acreage is the binding figure for single-campus buildout.
Gross acres
Unknown
Net developable
Unknown
Contiguous usable
Unknown
Adjacent expansion
Unknown
No land profile recorded for this project.
Control type
Unknown
Zoning status
Unknown
Zoning designation
Unknown
Entitlements
Unknown
Construction & equipment
Who is building the project and the major equipment on order.
No construction or equipment intelligence on record yet.
Capital, financing & contracts
What the project costs, how it is financed, and the commercial agreements behind it.
Est. total cost
Not publicly disclosed
Infrastructure cost
Not publicly disclosed
Generation cost
Not publicly disclosed
Capex per MW
Not publicly disclosed
Financing structure
Unknown
Agreements
No agreements on record for this project.
Some commercial terms may be restricted at your access level.
Permits & incentives
Permits, zoning, tax arrangements, and public incentives.
Incentives
Unknown
Property tax
Unknown
Zoning status
Unknown
Zoning designation
Unknown
Entitlements
Unknown
Incentive agreements
No incentive agreements on record for this project.
Related policy
No policy items linked to this project.
Timeline
1 entriesEvery dated event on record, newest first. Superseded entries stay visible.
date unknown
Expected: 2026-12-31expectedcod
Recent changes
last 3What changed in this record recently, and why.
| Date | Field | Change | Cause |
|---|---|---|---|
| 2026-07-15 | generalized centroid | (empty)->{"lat":33.826811,"lng":-101.85205,"accuracy":"city","geoc... | geocode |
| 2026-07-15 | capacity rollup | {"rollup":{},"headlineMw":null}->{"basis":"announced_campus","rollup":{"announced_campus":... | system rollup |
| 2026-07-15 | executive summary | (empty)->Majority-owned JV (TeraWulf 51%) delivering 168MW critica... | claim accepted |
Risks & open questions
13 transparent dimensions, no single unexplained scoreOur readiness assessment across thirteen dimensions, plus known risk notes and open questions.
| Dimension | Rating | Conf | Evidence summary | Open questions | Blocking issues | Last verified |
|---|---|---|---|---|---|---|
| Land control | Unknown | unknown | Unknown | Unknown | Unknown | Unknown |
| Contiguous land | Unknown | unknown | Unknown |
Sources & evidence
1 distinct sourceEvery source cited by the accepted facts in this dossier.
Sources cited on accepted claims for this project and its child records, scoped to your access level.
| Title | Publisher | Tier | Type | Published | Retrieved |
|---|---|---|---|---|---|
| Abernathy HPC Campus - investors.terawulf.com | investors.terawulf.com | T3 | news article | Unknown | 2026-07-12 |