Core42 lease base rent
Company: TeraWulf
The claim, verbatim
The Core42 lease has a 10-year initial term with two 5-year extensions; the initial term provides ~$1,085 million of base rent (~$2,544 million over the full extended term), with a G42 parent guaranty.
Source (primary)
terawulf 8-K exhibit (wulfq12025investorpresvf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-15)Live source ↗
Quote: “Initial term provides ~$1,085 million Base Rent Total Extended Term provides ~$2,544 million Base Rent”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The deal terms table gives the term, the extension options and both base rent totals, and a separate slide states that TeraWulf has a lease parent guaranty from G42.
Confirmed in the source:
- The Core42 lease has a 10-year initial term
- The Core42 lease has two 5-year extension options
- The initial term provides about $1,085 million of base rent
- The full extended term provides about $2,544 million of base rent
- TeraWulf has a lease parent guaranty from G42
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330125000033/wulfq12025investorpresvf.htm) in full (23,509 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (wulfq12025investorpresvf.htm)
Quote: “Initial term provides ~$1,085 million Base Rent Total Extended Term provides ~$2,544 million Base Rent”