Terawulf Inc.
TeraWulf Inc. Announces Long-Term Data Center Lease Agreements with Core42
Summary
On December 23, 2024, TeraWulf Inc. entered into long-term data center lease agreements with Core42, a G42 company. TeraWulf will deliver over 70 megawatts of turn-key data center infrastructure to Core42 for deployment at the Lake Mariner facility in Upstate New York. The infrastructure will come online in phases between Q1 2025 and Q3 2025 and includes state-of-the-art Dell Integrated Rack Scalable Solutions featuring Dell PowerEdge XE9680L GPU servers. The Lease Agreements offer two five-year renewal options and potential for expanding capacity by an additional 135 MW gross.
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About Terawulf Inc.
Terawulf Inc. is a company specializing in sustainable crypto mining practices, an increasingly important aspect of the burgeoning blockchain and cryptocurrency sectors. Terawulf operates by harnessing environmentally conscious solutions to power its data centers, aimed at reducing the carbon footprint typically associated with cryptocurrency mining operations. This commitment to sustainability is reflected in their strategic choice of locations and energy sources, often leveraging renewable resources to fuel mining activities. The company's operations are crucial in addressing the environmental concerns within the crypto industry, striving to make digital currencies more eco-friendly. Positioned at the intersection of tech innovation and environmental stewardship, Terawulf plays a significant role in pushing the market towards greener technological solutions and supports the broader adoption of digital assets by reducing the environmental impact of their production.
Official SEC Documents
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