Lake Mariner expansion to 500 MW
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Electrical capital expenditures planned to expand the Lake Mariner facility to 500 MW.
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “Includes electrical capital expenditures required to expand the Lake Mariner facility to 500 MW.”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
A footnote on the 2024 capital allocation slide states this.
Confirmed in the source:
- TeraWulf plans electrical capital expenditures to expand the Lake Mariner facility to 500 MW
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23300/pdf/WULF_Nautilus_Sale_Announcement_Deck_%2810-03-24%29vF.pdf) in full (14,394 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nautilus Sale Announcement
Quote: “Includes electrical capital expenditures required to expand the Lake Mariner facility to 500 MW.”
confirms Nautilus Sale Announcement
Quote: “Includes electrical capital expenditures required to expand the Lake Mariner facility to 500 MW.”