Lease termination consideration payment to Riesling Power LLC
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
TeraWulf paid Riesling Power LLC $12 million in cash and 20 million shares of Common Stock as consideration for terminating an existing lease agreement with Somerset Operating Company, LLC and entering into a new lease agreement with Lake Mariner Data LLC
Source (primary)
TeraWulf SC 13D/A filed 2024-10-10 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Issuer paid Riesling consideration consisting of 20 million shares of Common Stock and $12 million in cash”
How we checked this
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Additional evidence
confirms TeraWulf SC 13D/A filed 2024-10-10
Quote: “the Issuer paid Riesling consideration consisting of 20 million shares of Common Stock and $12 million in cash”