---
schema_version: "secwatch.filing_event.v1"
accession: "0001083301-24-000136"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2024-10-10T23:59:59+00:00"
generated_at: "2026-05-30T16:15:22.061763+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001083301-24-000136
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2024-10-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000108330124000136/0001083301-24-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000108330124000136/wulf-20241009.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001083301-24-000136
- JSON: https://secwatch.observer/filing/0001083301-24-000136.json
- Plain text: https://secwatch.observer/filing/0001083301-24-000136.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.