Core42 lease expansion option
Company: TeraWulf - Project: Akela Data
What the later record shows
The date slipped
In November 2025, after the March 31, 2025 option deadline, the company said it was still in discussions with Core42 about future capacity. Later filings show Core42 contracted only 60 MW, with no 135 MW expansion recorded.
“The Core42 Leases include two five-year renewal options and we remain in discussions with Core42 regarding future capacity.”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
“La Lupa entered into long-term data center lease agreements with Core42 (the “Core42 Leases”), pursuant to which we committed to deliver 60 MW of critical IT load.”
2026-02-27 · View 10-K PDF View cached copy (2026-09-01)Live source ↗Archive.org ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Core42 lease agreements include option to expand by an additional 135 MW, exercisable through March 31, 2025
Source (primary)
TeraWulf 424B5 filed 2025-05-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The lease agreements include an option, exercisable through March 31, 2025, to expand by an additional 135 MW.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The prospectus supplement states that the Core42 lease agreements include an option, exercisable through March 31, 2025, to expand by an additional 135 MW, matching every element of the claim.
Confirmed in the source:
- TeraWulf entered into lease agreements with Core42 Holding US LLC (Core42)
- The Core42 lease agreements include an option to expand by an additional 135 MW
- The expansion option is exercisable through March 31, 2025
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: “The lease agreements include an option, exercisable through March 31, 2025, to expand by an additional 135 MW.”
delays TeraWulf 10-Q filed 2025-11-10
Quote: “The Core42 Leases include two five-year renewal options and we remain in discussions with Core42 regarding future capacity.”
delays View 10-K PDF
Quote: “La Lupa entered into long-term data center lease agreements with Core42 (the “Core42 Leases”), pursuant to which we committed to deliver 60 MW of critical IT load.”