CB-2 data centre operations start
Company: TeraWulf - Project: La Lupa
What the later record shows
The date slipped · new target December 31, 2025
In November 2025 the CB-2 50 MW was restated as delivering around year-end rather than in November. Only 18 critical IT MW was energized at 2025-12-31, and the company later cited timing impacts from tenant fit-out enhancements.
“La Lupa 22.5 of capacity online and another 50 MW delivering around year-end subject to tenant fit-out requests”
2025-11-10 · Investor Presentation View cached copy (2026-10-06)Live source ↗Archive.org ↗
“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 Company had energized 18 critical IT MW of HPC capacity and remains on track to deliver additional contracted 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
CB-2 data centre at Lake Mariner (Project La Lupa) is expected to commence operations in November 2025.
Source (primary)
TeraWulf Sustainable Finance Framework Second Party Opinion 2025 (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “while CB-2 is expected to commence operations in November 2025”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The document lists CB-2 as part of Project La Lupa at Lake Mariner. It says CB-2 was expected to start operations in November 2025.
Confirmed in the source:
- CB-2 is part of Project La Lupa at the Lake Mariner campus
- CB-2 was expected to commence operations in November 2025
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2476/23465/pdf/TeraWulf_Sustainable_Finance_Framework_Second_Party_Opinion_2025.pdf) in full (29,307 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf Sustainable Finance Framework Second Party Opinion 2025
Quote: “while CB-2 is expected to commence operations in November 2025”
delays View 10-K PDF
Quote: “As of December 31, 2025, the Company had energized 18 critical IT MW of HPC capacity and remains on track to deliver additional contracted 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.”
delays Investor Presentation
Quote: “La Lupa 22.5 of capacity online and another 50 MW delivering around year-end subject to tenant fit-out requests”
confirms TeraWulf Sustainable Finance Framework Second Party Opinion 2025
Quote: “while CB-2 is expected to commence operations in November 2025”