TeraWulf signs 35-year ground lease at Lake Mariner, expanding to 157 acres, 750 MW capacity

TERAWULF INC.

New lease replaces original 2021 lease; term of 35 years plus 45-year extension option.
Land expands ~50% from 107 to 157 acres; infrastructure capacity increased to 750 MW.
Consideration: 20M shares of common stock and $12M cash paid to Somerset's parent (CEO).
Somerset parent restricted from selling 15M shares for 18 months; 5M shares for 12 months.
Audit Committee approved; received fairness opinion from financial advisor on the transaction.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.