CEO statement on data center project value increase from moratorium
Company: TeraWulf
The claim, verbatim
CEO Paul Prager claimed on the second quarter earnings call that both TeraWulf New York data center projects were more valuable as a result of Governor Hochul's moratorium on data centers
Source (primary)
Letters to the Editor: Did Hochul Save Cayuga Lake from TeraWulf? - Ithaca Times (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “On the second quarter earnings call, TeraWulf CEO Paul Prager claimed that both TeraWulf data center projects in New York were more valuable as a result of Governor Hochul's executive order moratorium”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The letter describes the CEO's earnings-call claim that both New York projects gained value from Governor Hochul's moratorium. The source is a reader's letter describing the call, not a transcript of the call.
Confirmed in the source:
- Paul Prager is TeraWulf's CEO
- Prager made the statement on TeraWulf's second quarter earnings call
- Prager claimed both TeraWulf data center projects in New York were more valuable
- Prager attributed the added value to Governor Hochul's executive order moratorium on data centers
What we did: Read our cached copy of the publisher (https://www.ithaca.com/opinion/letters_to_the_editor/letters-to-the-editor-did-hochul-save-cayuga-lake-from-terawulf/article_40646f10-59c7-449b-9d2e-a79e4d7ec23c.html) in full (13,340 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Letters to the Editor: Did Hochul Save Cayuga Lake from TeraWulf? - Ithaca Times
Quote: “On the second quarter earnings call, TeraWulf CEO Paul Prager claimed that both TeraWulf data center projects in New York were more valuable as a result of Governor Hochul's executive order moratorium”