TeraWulf (WULF) announced the execution of a long-term ground lease for approximately 183 acres at the Cayuga site in Lansing, New York. This transaction marks a major step forward in the Company’s expansion of high-performance computing, HPC, and AI data center hosting. The Cayuga Ground Lease, executed with Cayuga Operating Company, has a term of 80 years and includes reciprocal purchase and sale options exercisable for $100 beginning in year 50. The lease provides TeraWulf with exclusive rights to develop up to 400 MW of digital infrastructure capacity, with 138 MW of low-cost, predominantly zero-carbon power expected to be ready for service in 2026.
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