Lease consideration: 20M shares plus $12M cash to CEO-owned Somerset parent
Company: TeraWulf
The claim, verbatim
TeraWulf paid Somerset's parent company (owned by the CEO) 20 million shares of common stock and $12 million in cash for terminating the original lease and entering the New Ground Lease; 15 million shares are locked up for 18 months and 5 million for 12 months.
Source (primary)
terawulf 8-K exhibit (prwulflmdnewgroundlease1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-26)Live source ↗
Quote: “is comprised of 20 million shares of TeraWulf's common stock and $12 million in cash”
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: “is comprised of 20 million shares of TeraWulf's common stock and $12 million in cash”