Somerset NY data center lease term
Company: TeraWulf - Project: Akela Data
The claim, verbatim
TeraWulf leases 162.7 acres in Somerset, New York for cryptocurrency mining and HPC data center operations under a 35-year initial lease term, renewable for up to nine additional 5-year periods
Source (primary)
TeraWulf 8-K filed 2025-05-27 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The A&R Lease has an initial term of 35 years, commencing on October 9, 2024, and will automatically renew for up to nine additional periods of five years each”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms TeraWulf 8-K filed 2025-05-27
Quote: “The A&R Lease has an initial term of 35 years, commencing on October 9, 2024, and will automatically renew for up to nine additional periods of five years each”