Somerset lease annual rent commitment
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Annual rent for Somerset data center premises is $281,398.20, subject to annual adjustments based on Consumer Price Index
Source (primary)
TeraWulf 8-K filed 2025-05-27 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The annual rent for the Premises is $281,398.20, payable in advance in equal monthly installments of $23,449.85, subject to annual adjustments based on the change in the Consumer Price Index”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing gives the annual rent as $281,398.20, subject to annual CPI-based adjustments.
Confirmed in the source:
- Annual rent for the Somerset premises is $281,398.20
- The rent is subject to annual adjustments based on the change in the Consumer Price Index
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330125000041/wulf-20250521.htm) in full (16,667 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-05-27
Quote: “The annual rent for the Premises is $281,398.20, payable in advance in equal monthly installments of $23,449.85, subject to annual adjustments based on the change in the Consumer Price Index”