Lake Mariner Fluidstack phase one ~40 MW online 1H 2026
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
What the later record shows
Delivered late · happened July 31, 2026
At June 30, 2026, the first Fluidstack lease had only partially commenced, with 81 MW total energized, about 21 MW of it Fluidstack. The ~42 MW CB-3 phase was fully operational as of July 2026.
“As of June 30, 2026, one of the Akela Fluidstack Leases had partially commenced and the remaining leases are expected to commence in the second half of 2026 and in early 2027.”
2026-08-04 · TeraWulf 10-Q filed 2026-08-05 View cached copy (2026-08-31)Live source ↗
“102 MW Energized and Generating Lease Revenue as of July 2026 438 MW of Contracted Capacity Targeted for Energization by 1H27 CB - 3 Operational (Lake Mariner Data)”
2026-08-04 · Q2 2026 Earnings Update Presentation 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
Phase one, approximately 40 MW of critical IT load, is expected online in the first half of 2026.
Source (primary)
terawulf 8-K exhibit (tm2523008d2_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “Phase one—approximately 40 MW of critical IT load—is expected online in the first half of 2026”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The press release states that phase one, approximately 40 MW of critical IT load, is expected online in the first half of 2026.
Confirmed in the source:
- Phase one of the Fluidstack deployment at Lake Mariner is approximately 40 MW of critical IT load
- Phase one is expected to be online in the first half of 2026
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925078084/tm2523008d2_ex99-1.htm) in full (10,293 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523008d2_ex99-1.htm)
Quote: “Phase one—approximately 40 MW of critical IT load—is expected online in the first half of 2026”
confirms TeraWulf 10-Q filed 2026-08-05
Quote: “As of June 30, 2026, one of the Akela Fluidstack Leases had partially commenced and the remaining leases are expected to commence in the second half of 2026 and in early 2027.”
confirms Q2 2026 Earnings Update Presentation
Quote: “102 MW Energized and Generating Lease Revenue as of July 2026 438 MW of Contracted Capacity Targeted for Energization by 1H27 CB - 3 Operational (Lake Mariner Data)”