Form 8-K · Current Report · Filed 2024-12-26
TeraWulf Announces Strategic HPC Lease with Core42
On December 23, 2024, TeraWulf Inc. announced a strategic partnership with Core42 for a 72.5 megawatt HPC data center lease at their Lake Mariner facility in New York. The agreement includes an option to expand by up to 135 megawatts and is expected to deliver $1.5 million in annual revenue per megawatt. The lease marks a significant milestone for both companies as they aim to meet surging market demand for AI-driven compute infrastructure.
- Filer
- Terawulf Inc. WULF · NASDAQ
- Filed
- Accession
- 0000950142-24-002999
- CIK
- 0001083301
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$6.23
Next session
-11.2%
Since filing
+183.4%
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:
Exhibits (1)
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.