Cayuga Site ground lease and capacity
Company: TeraWulf - Project: Cayuga Site
The claim, verbatim
Company entered into long-term ground lease for approximately 183 acres in Lansing, New York on August 12, 2025; upon completion of permitting and site development, site has potential for up to 400 MW of gross capacity supporting approximately 320 MW of critical IT load
Source (primary)
View 10-K PDF (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “On August 12, 2025, the Company entered into a long-term ground lease for approximately 183 acres in Lansing, New York. Upon completion of permitting and site development, the Cayuga Site has the potential for up to 400 MW of gross capacity, supporting approximately 320 MW of critical IT load”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The MD&A gives the lease date, acreage, location and capacity figures as claimed.
Confirmed in the source:
- On August 12, 2025, the Company entered into a long-term ground lease for approximately 183 acres in Lansing, New York
- Upon completion of permitting and site development, the Cayuga Site has potential for up to 400 MW of gross capacity
- That capacity would support approximately 320 MW of critical IT load
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000031/0001083301-26-000031.pdf) in full (556,251 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View 10-K PDF
Quote: “On August 12, 2025, the Company entered into a long-term ground lease for approximately 183 acres in Lansing, New York. Upon completion of permitting and site development, the Cayuga Site has the potential for up to 400 MW of gross capacity, supporting approximately 320 MW of critical IT load”