Core42 data center lease
Company: TeraWulf - Project: La Lupa
The claim, verbatim
La Lupa committed to deliver 60 MW of critical IT load to Core42 under long-term data center lease agreements executed December 2024, with 10-year initial term and two 5-year renewal options. Construction commenced in 2024, commissioning commenced in 2025.
Source (primary)
TeraWulf 424B5 filed 2026-04-16 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “In December 2024, La Lupa entered into long-term data center lease agreements with Core42 (the "Core42 Leases"), pursuant to which we committed to deliver 60 MW of critical IT load. The Core42 Leases have an initial ten-year term with two five-year renewal options...Construction commenced in 2024 and continued into 2025; commissioning activities commenced in 2025”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The filing's description of the Core42 leases matches each detail in the claim.
Confirmed in the source:
- La Lupa entered into long-term data center lease agreements with Core42 in December 2024
- The leases commit delivery of 60 MW of critical IT load
- The leases have an initial ten-year term
- The leases have two five-year renewal options
- Construction commenced in 2024
- Commissioning activities commenced in 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465926044031/tm2611661-8_424b5.htm) in full (226,161 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 424B5 filed 2026-04-16
Quote: “In December 2024, La Lupa entered into long-term data center lease agreements with Core42 (the "Core42 Leases"), pursuant to which we committed to deliver 60 MW of critical IT load. The Core42 Leases have an initial ten-year term with two five-year renewal options...Construction commenced in 2024 and continued into 2025; commissioning activities commenced in 2025”