20 million shares issued to Riesling Power
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
TeraWulf issued 20 million shares of common stock to Riesling Power as consideration for lease termination and new lease entry
Source (primary)
TeraWulf 8-K filed 2024-10-10 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “TeraWulf paid Somerset's parent company Riesling Power LLC ("Riesling Power") 20 million shares (the "Shares") of TeraWulf's common stock”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing says TeraWulf paid Riesling Power 20 million shares as consideration for terminating the prior lease and entering the new one.
Confirmed in the source:
- TeraWulf paid Riesling Power 20 million shares of its common stock
- The shares were consideration for Somerset terminating the Prior Lease and entering the New Lease
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000136/wulf-20241009.htm) in full (12,787 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2024-10-10
Quote: “TeraWulf paid Somerset's parent company Riesling Power LLC ("Riesling Power") 20 million shares (the "Shares") of TeraWulf's common stock”