Form 8-K · Current Report · Filed 2024-12-23
TeraWulf Inc. Announces Long-Term Data Center Lease Agreements with Core42
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.
- Filer
- Terawulf Inc. WULF · NASDAQ
- Filed
- Accession
- 0000950142-24-002980
- CIK
- 0001083301
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Other Events
Market reaction
Close before filing
$6.61
Next session
-5.7%
Since filing
+167.1%
Latest close
$17.66
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from WULF reporting the same item, with the next session's move:
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.
Never miss another WULF filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.