Cayuga lease prepayment
Company: TeraWulf - Project: Cayuga Site
The claim, verbatim
Prepaid rent of $95 million in TeraWulf common stock (valued at 15-day trailing VWAP) and $3 million in cash for Cayuga data center lease
Source (primary)
TeraWulf 8-K filed 2025-08-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On the Effective Date, TW Tenant prepaid rent consisting of (i) $95 million in the form of TeraWulf common stock, par value $0.001 ("Common Stock") determined on the basis of a 15-day trailing VWAP and (ii) $3 million in cash.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states that the tenant prepaid rent of $95 million in TeraWulf stock, priced on a 15-day trailing VWAP, plus $3 million in cash.
Confirmed in the source:
- Rent for the Cayuga lease was prepaid on the Effective Date
- $95 million of the prepaid rent was paid in TeraWulf common stock
- The number of shares was determined using a 15-day trailing VWAP
- $3 million of the prepaid rent was paid in cash
- The Cayuga premises are expected to be used primarily for HPC data center operations
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925078086/tm2523008d1_8k.htm) in full (13,360 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-08-14
Quote: “On the Effective Date, TW Tenant prepaid rent consisting of (i) $95 million in the form of TeraWulf common stock, par value $0.001 ("Common Stock") determined on the basis of a 15-day trailing VWAP and (ii) $3 million in cash.”