Lake Hawkeye planned financing

Company: TeraWulf - Project: Lake Hawkeye

This claim was withdrawn on September 13, 2026. Lake Hawkeye appears under 'DEVELOPMENT PLATFORMS' in a repeated slide-template number block (the same $1,479/(100)/(225)/$268/$1,087/$1,300 values also appear on unrelated slides); in the matching Flash Compute layout $1,479 is the 'Cash' line and Senior Secured Notes is $1,300, so nothing supports $1.479B of planned Senior Secured Notes for Lake Hawkeye.

How this was decided: Evidence review against the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind: financing
Statement date: 2026-02-25
Promised amount: 1479.0 USD
Current status: withdrawn

The claim, verbatim

Lake Hawkeye (NY/NYISO) is planned to be financed with $1.479 billion in Senior Secured Notes.

Source (primary)

terawulf 8-K exhibit (terawulfq42025investorpr.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-13)Live source ↗

Quote: “Lake Hawkeye (NY / NYISO) $1,479”

How we checked this

Checked on September 21, 2026. The cited source supports part of this claim, but not all of it.

The slide maps $1,479M to Lake Hawkeye's Cash line while its Senior Secured Notes figure reads $1,300M, so the $1.479 billion note amount is not established.

Confirmed in the source:

Lake Hawkeye is located in New York within NYISO
Lake Hawkeye is a development platform associated with Senior Secured Notes financing

We could not confirm this from the cited source:

Lake Hawkeye's planned Senior Secured Notes total $1.479 billion

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330126000026/terawulfq42025investorpr.htm) in full (29,065 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms terawulf 8-K exhibit (terawulfq42025investorpr.htm)

Quote: “Lake Hawkeye (NY / NYISO) $1,479”

View cached copy (2026-09-13)Live source ↗

Record of changes

September 13, 2026 — stated

Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.

September 13, 2026 — withdrawn

Evidence review against the cited source. Lake Hawkeye appears under 'DEVELOPMENT PLATFORMS' in a repeated slide-template number block (the same $1,479/(100)/(225)/$268/$1,087/$1,300 values also appear on unrelated slides); in the matching Flash Compute layout $1,479 is the 'Cash' line and Senior Secured Notes is $1,300, so nothing supports $1.479B of planned Senior Secured Notes for Lake Hawkeye.