TeraWulf signs long-term data center lease with Core42 for >70 MW AI infrastructure

TERAWULF INC.

Lease agreements with Core42 for over 70 MW of turn-key data center infrastructure at Lake Mariner facility.
Infrastructure to be deployed in phases Q1 2025 through Q3 2025, custom data halls for GPU clusters (Dell IR5000 racks).
Lease includes two five-year renewal options and provisions for expanding capacity by up to 135 MW gross (108 MW critical IT load).
This marks TeraWulf's expansion into AI/cloud hosting beyond bitcoin mining.

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