Cayuga lease consideration: $95M in stock
Company: TeraWulf
The claim, verbatim
As consideration for the Cayuga transaction, Riesling Power (parent of Cayuga, owned by TeraWulf's CEO) will receive $95 million in TeraWulf common stock priced on a 15-day trailing VWAP.
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: “Riesling Power will receive consideration comprised of $95 million in the form of TeraWulf common stock determined on the basis of a 15-day trailing VWAP”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The release names Riesling Power as Cayuga's parent, says Cayuga is owned by TeraWulf's CEO, and describes $95 million in stock priced on a 15-day trailing VWAP.
Confirmed in the source:
- Riesling Power is the parent company of Cayuga
- Cayuga is owned by TeraWulf's Chief Executive Officer
- Riesling Power will receive $95 million in TeraWulf common stock as consideration
- The stock amount is determined on the basis of a 15-day trailing VWAP
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: “Riesling Power will receive consideration comprised of $95 million in the form of TeraWulf common stock determined on the basis of a 15-day trailing VWAP”