La Lupa facility capacity online and expansion
Company: TeraWulf - Project: La Lupa
What the later record shows
The date slipped
The 10-K reports only 18 critical IT MW of HPC energized at 2025-12-31, so the additional 50 MW was not online by year-end 2025. The February 2026 release cites fit-out-related timing impacts.
“Certain building milestones were sequenced accordingly, and associated timing impacts have been incorporated into the Company’s financial plan.”
2026-02-25 · terawulf 8-K exhibit (a_wulfearningsrelease2026-.htm) View cached copy (2026-09-13)Live source ↗
“as of December 31, 2025 the Lake Mariner Data Campus operated 245 MW of legacy bitcoin mining capacity and had 18 critical IT MW of HPC capacity.”
2026-02-27 · View 10-K PDF View cached copy (2026-09-01)Live source ↗Archive.org ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
La Lupa has 22.5 MW of capacity online with additional 50 MW expected to deliver around year-end 2025
Source (primary)
terawulf 8-K exhibit (wulfq32025investorupdate.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “La Lupa 22.5 of capacity online and another 50 MW delivering around year-end subject to tenant fit-out requests”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The November 10, 2025 presentation says La Lupa had 22.5 MW online and another 50 MW delivering around year end. In a presentation of that date, "year end" means year-end 2025. The presentation also says that delivery was subject to tenant fit-out requests.
Confirmed in the source:
- La Lupa had 22.5 MW of capacity online
- An additional 50 MW at La Lupa was expected to deliver around year-end 2025
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330125000096/wulfq32025investorupdate.htm) in full (31,516 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (wulfq32025investorupdate.htm)
Quote: “La Lupa 22.5 of capacity online and another 50 MW delivering around year-end subject to tenant fit-out requests”
delays View 10-K PDF
Quote: “as of December 31, 2025 the Lake Mariner Data Campus operated 245 MW of legacy bitcoin mining capacity and had 18 critical IT MW of HPC capacity.”
delays terawulf 8-K exhibit (a_wulfearningsrelease2026-.htm)
Quote: “Certain building milestones were sequenced accordingly, and associated timing impacts have been incorporated into the Company’s financial plan.”