Core42 HPC Data Center Lease
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Long-term lease agreement with Core42 for 60 MW (net) critical IT capacity with 10-year initial term and two 5-year extension options
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Secures First Data Center Lease with Core42... 60 MW... 10-year Initial Term: two 5-year extension options (i.e. total extended term of 20 years)”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The presentation's Core42 lease slide states a 60 MW critical IT contract with a 10-year initial term and two 5-year extension options.
Confirmed in the source:
- TeraWulf secured a data center lease with Core42
- The lease covers 60 MW, footnoted as critical/IT MWs, and described elsewhere as 60 (net) MW
- The lease has a 10-year initial term
- The lease has two 5-year extension options
- The lease is long-term (Core42 announced long-term data center leases with TeraWulf)
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23301/pdf/WULF_Q1_2025_Investor_Pres_vF.pdf) in full (23,307 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “Secures First Data Center Lease with Core42... 60 MW... 10-year Initial Term: two 5-year extension options (i.e. total extended term of 20 years)”