Lake Mariner ground lease term 35 years, extendable to 80
Company: TeraWulf
The claim, verbatim
The New Ground Lease with Somerset replaces the original lease (ten years remaining) with a 35-year term plus an option to extend for 45 more years, with no per-acre escalation in annual lease payments versus the original lease.
Source (primary)
terawulf 8-K exhibit (prwulflmdnewgroundlease1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-26)Live source ↗
Quote: “The New Ground Lease has a term of 35 years, with an option to extend for an additional 45 years”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms terawulf 8-K exhibit (prwulflmdnewgroundlease1.htm)
Quote: “The New Ground Lease has a term of 35 years, with an option to extend for an additional 45 years”