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
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing describes the amended and restated lease through a TeraWulf subsidiary for about 162.7 acres in Somerset, NY, used for crypto mining and HPC. It gives a 35-year initial term with up to nine five-year renewals.
Confirmed in the source:
- TeraWulf's wholly owned subsidiary Lake Mariner Data LLC leases approximately 162.7 acres in the Town of Somerset, New York
- The premises will be used for cryptocurrency mining and HPC data center operations
- The lease has an initial term of 35 years
- The lease automatically renews for up to nine additional five-year periods
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 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”