$12 million cash payment to Riesling Power
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
TeraWulf paid $12 million in cash to Riesling Power for lease consideration
Source (primary)
TeraWulf 8-K filed 2024-10-10 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “and $12 million in cash”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states TeraWulf paid Riesling Power 20 million shares and $12 million in cash as consideration for the lease arrangements.
Confirmed in the source:
- TeraWulf paid $12 million in cash to Riesling Power
- The cash was consideration for the lease termination and 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: “and $12 million in cash”