72.5 MW contracted HPC online in 2025
Company: TeraWulf
What the later record shows
Partly delivered
The 2025 10-K says only 18 critical IT MW of the Core42 leases had commenced by December 31, 2025, against 60 MW net promised. The remainder is expected to commence in 2026.
“Certain of the Core42 Leases commenced in 2025 which comprised 18 critical IT MW HPC lease capacity as of December 31, 2025.”
2026-02-26 · TeraWulf 10-K filed 2026-02-27 View cached copy (2026-08-31)Live source ↗
“The remainder of the HPC Leases are expected to commence in 2026.”
2026-02-26 · TeraWulf 10-K filed 2026-02-27 View cached copy (2026-08-31)Live source ↗
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
72.5 MW gross / 60 MW net of contracted HPC capacity expected online in 2025.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “72.5 (gross) / 60 (net) MW contracted and expected online in 2025”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The presentation states that 72.5 MW gross / 60 MW net of HPC capacity is contracted and expected online in 2025.
Confirmed in the source:
- TeraWulf has 72.5 MW (gross) of contracted HPC capacity
- This equals 60 MW (net)
- This contracted capacity is expected online in 2025
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23301/pdf/WULF_Q1_2025_Investor_Pres_vF.pdf) in full (23,307 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “72.5 (gross) / 60 (net) MW contracted and expected online in 2025”
confirms Investor Presentation
Quote: “72.5 (gross) / 60 (net) MW contracted and expected online in 2025”