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TeraWulf Signs New Long-Term Ground Lease Agreement at Lake Mariner Facility

TeraWulf Signs New Long-Term Ground Lease Agreement at Lake Mariner Facility

10/10/24, 12:20 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgeaston
Industry
cryptocurrency
mining
blockchain
Type
agreement
TeraWulf Inc. has announced a new, long-term ground lease agreement at Lake Mariner that supports the Company’s expansion into high-performance computing (HPC) and AI data centers. The lease has a term of 35 years with an option to extend for an additional 45 years and increases the land area by nearly 50%, granting TeraWulf exclusive access to infrastructure capacity of up to 750 MW.

Company Info

Company
TeraWulf
Location
easton, pennsylvania, united states
Additional Info
TeraWulf Inc. owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy. The company is committed to being the leading low-cost, zero-carbon bitcoin mining company.