NYPA power purchase agreement
Company: TeraWulf
The claim, verbatim
TeraWulf has agreement with Power Authority of New York for 90 MW high load factor power, executed February 12, 2022, with 10-year term from commencement of power delivery
Source (primary)
TeraWulf 10-K filed 2024-03-20 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Company has an agreement in place with the Power Authority of the State of New York ("NYPA") for 90 MW of high load factor power to support its bitcoin mining operations (the "PPA"). The PPA was executed on February 12, 2022 and has a term of ten years from the date of commencement of NYPA's power delivery.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
All three elements—90 MW, the February 12, 2022 execution date, and the ten-year term—appear in the document.
Confirmed in the source:
- TeraWulf has an agreement with the Power Authority of the State of New York for 90 MW of high load factor power
- The PPA was executed on February 12, 2022
- The PPA has a ten-year term from commencement of NYPA's power delivery
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000072/wulf-20231231.htm) in full (437,251 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2024-03-20
Quote: “The Company has an agreement in place with the Power Authority of the State of New York ("NYPA") for 90 MW of high load factor power to support its bitcoin mining operations (the "PPA"). The PPA was executed on February 12, 2022 and has a term of ten years from the date of commencement of NYPA's power delivery.”