Third-party miner hosting services
Company: TeraWulf
The claim, verbatim
Company provides miner hosting services to third parties at Lake Mariner facility, with mined bitcoin delivered to third-party miners' wallets or company's NYDIG-held wallet per hosting agreements
Source (primary)
TeraWulf S-3/A filed 2023-02-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We also earn revenue from miner hosting services to third parties... Any bitcoin mined by third-party miners hosted at our Lake Mariner Data LLC ("Lake Mariner") facility site is either (1) delivered directly into the third-party miners' wallets, which we have neither access to nor oversight over, or (2) delivered into our wallet held by NYDIG, pursuant to the mined bitcoin sharing arrangements agreed to in our respective miner hosting agreements.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document establishes third-party hosting at Lake Mariner and the two delivery destinations for mined bitcoin under hosting agreements.
Confirmed in the source:
- TeraWulf earns revenue from miner hosting services to third parties
- Third-party miners are hosted at the Lake Mariner Data LLC facility
- Bitcoin mined by hosted third-party miners is delivered either to the third parties' own wallets or to TeraWulf's NYDIG-held wallet per the miner hosting agreements
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330123000016/tmb-20230214xs3a.htm) in full (141,155 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf S-3/A filed 2023-02-14
Quote: “We also earn revenue from miner hosting services to third parties... Any bitcoin mined by third-party miners hosted at our Lake Mariner Data LLC ("Lake Mariner") facility site is either (1) delivered directly into the third-party miners' wallets, which we have neither access to nor oversight over, or (2) delivered into our wallet held by NYDIG, pursuant to the mined bitcoin sharing arrangements agreed to in our respective miner hosting agreements.”