Cayuga 80-year lease, 400 MW
Company: TeraWulf - Project: Cayuga Site
The claim, verbatim
80-year lease for 183 acres in Lansing, NY (Cayuga) unlocks HPC capacity scalable to 400 MW with phased buildout.
Source (primary)
Q2 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “80-yr lease for 183 acres in Lansing, NY (NYISO Zone C)”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The Cayuga slide is titled '80-Year Lease Unlocks 400 MW of HPC-Ready Capacity.' It lists the 183-acre Lansing lease and states the site is scalable to 400 MW with a phased buildout.
Confirmed in the source:
- TeraWulf has an 80-year lease for 183 acres in Lansing, NY at the Cayuga site
- The lease unlocks HPC-ready capacity
- The site is scalable to 400 MW with a phased buildout
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23302/pdf/WULF_Q2_2025_Investor_Update_%28Aug_2025%29vF.pdf) in full (17,599 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 Earnings Update Presentation
Quote: “80-yr lease for 183 acres in Lansing, NY (NYISO Zone C)”
confirms Q2 Earnings Update Presentation
Quote: “80-yr lease for 183 acres in Lansing, NY (NYISO Zone C)”