Cayuga 80-year ground lease executed
Company: TeraWulf
The claim, verbatim
TeraWulf executed an 80-year ground lease for approximately 183 acres at the Cayuga site in Lansing, New York, with Cayuga Operating Company LLC, including reciprocal purchase and sale options exercisable for $100 beginning in year 50.
Source (primary)
terawulf 8-K exhibit (tm2523008d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “today announced the execution of a long-term ground lease for approximately 183 acres at the Cayuga site in Lansing, New York ... has a term of 80 years and includes reciprocal purchase and sale options exercisable for $100 beginning in year 50”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The press release states the lease's acreage, location, counterparty, 80-year term and $100 reciprocal options starting in year 50.
Confirmed in the source:
- TeraWulf executed a long-term ground lease at the Cayuga site in Lansing, New York
- The lease covers approximately 183 acres
- The lease counterparty is Cayuga Operating Company LLC
- The lease has a term of 80 years
- The lease includes reciprocal purchase and sale options exercisable for $100 beginning in year 50
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925078086/tm2523008d1_ex99-1.htm) in full (7,384 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523008d1_ex99-1.htm)
Quote: “today announced the execution of a long-term ground lease for approximately 183 acres at the Cayuga site in Lansing, New York ... has a term of 80 years and includes reciprocal purchase and sale options exercisable for $100 beginning in year 50”