Core42 long-term HPC hosting lease
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Entered into long-term data center lease agreements with Core42 securing 72.5 MW of HPC hosting capacity at Lake Mariner for GPU compute workloads
Source (primary)
TeraWulf 424B5 filed 2025-05-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “on December 23, 2024, when we entered into long-term data center lease agreements with Core42 Holding US LLC ("Core42"), a G42 company specializing in sovereign cloud, AI infrastructure, and digital services, securing 72.5 MW of HPC hosting capacity at Lake Mariner for GPU compute workloads.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The prospectus supplement states that on December 23, 2024 TeraWulf signed long-term lease agreements with Core42 for 72.5 MW of HPC hosting capacity at Lake Mariner for GPU compute workloads.
Confirmed in the source:
- TeraWulf entered into long-term data center lease agreements with Core42
- The agreements secure 72.5 MW of HPC hosting capacity
- The capacity is at Lake Mariner
- The capacity is for GPU compute workloads
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000162828025024284/terawulf424b5.htm) in full (154,675 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 424B5 filed 2025-05-09
Quote: “on December 23, 2024, when we entered into long-term data center lease agreements with Core42 Holding US LLC ("Core42"), a G42 company specializing in sovereign cloud, AI infrastructure, and digital services, securing 72.5 MW of HPC hosting capacity at Lake Mariner for GPU compute workloads.”